ChainCatcher reported, citing monitoring by Lookonchain, that a $SIREN whale has received more than 7.5 million USDT through sales of $SIREN. In on-chain reporting, the term “whale” is commonly used for a wallet address holding a large amount of a token, and such addresses are often tracked when notable transfers or sales are observed.
The Address Still Holds a Large SIREN Position
According to the monitoring update, the whale still holds 595.7 million $SIREN, with the remaining position valued at approximately $91.86 million at the time of disclosure. This means that even after selling part of its $SIREN holdings and receiving over 7.5 million USDT, the address continues to hold a substantial amount of the token.
Lookonchain also stated that the selling is still continuing. Beyond the disclosed proceeds from sales, the remaining token balance, and the valuation of that balance, the item did not include further details such as specific transaction batches, execution prices, or the wallet address involved.