According to TechFlow, on June 14, on-chain analyst Yu Jin reported that a suspected SIREN control address continued a large-scale reduction of its holdings over the past 14 hours. The latest activity followed an earlier round of concentrated selling, and the size of the transaction has placed the address’s token balance and transfer behavior at the center of market discussion around SIREN’s token distribution.
About 201 Million SIREN Sold Within 14 Hours
Monitoring data shows that the related address sold about 201 million SIREN on-chain and received approximately 27.7 million USDT in return. Of that amount, around 24.8 million USDT has been gradually transferred to centralized trading platforms including Bitget and Bybit. The fund movement indicates that most of the USDT received from the on-chain sales was subsequently moved to exchange-related destinations.
The same data shows a sharp decline in the address’s SIREN holdings. Its balance fell from about 682 million SIREN to roughly 480 million SIREN. As a share of the token’s total supply, the address’s holdings dropped from 94% to 66%. Even after the reported selling, the remaining balance still represents a large portion of total SIREN supply based on the figures provided.
Address Identity Has Not Been Officially Confirmed
The identity of the related address, as well as any relationship between the address and the SIREN project team, has not been officially confirmed. The source describes it only as a “suspected control address,” so the current discussion is based on observed on-chain behavior, the scale of the holdings, and the speed of the reduction, rather than an official attribution of wallet ownership.
The continued reduction has intensified discussion around SIREN’s concentration of holdings and selling pressure. Since the related address had already been associated with concentrated selling before this latest 14-hour window, its remaining holdings, transfer destinations, and pace of token sales have become key items being watched by market participants following the SIREN token.