cryptovka-news on Nostr: Siren Token Plunges 70% Amid Warnings of Concentrated Holdings The SIREN token ...
Siren Token Plunges 70% Amid Warnings of Concentrated Holdings
The SIREN token experienced a sharp decline of nearly 70% following warnings from onchain analysts about highly concentrated token supply within a few wallets. This incident highlights the risks of thin liquidity and centralized holdings in the crypto market.
Concerns were raised by analyst EmberCN, who alleged a single entity might control 88% of the circulating supply. Blockchain analytics firm Bubblemaps corroborated this, stating one entity controls about 50%. The token's rapid drop from $2.56 to $0.79 underscores the potential for significant volatility and market manipulation when supply is concentrated.
https://cryptovka.com/news/siren-token-plunges-70-amid-warnings-of-highly-concentrated-holdingsPublished at
2026-03-24 11:01:08 UTCEvent JSON
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"content": "Siren Token Plunges 70% Amid Warnings of Concentrated Holdings\n\nThe SIREN token experienced a sharp decline of nearly 70% following warnings from onchain analysts about highly concentrated token supply within a few wallets. This incident highlights the risks of thin liquidity and centralized holdings in the crypto market.\n\nConcerns were raised by analyst EmberCN, who alleged a single entity might control 88% of the circulating supply. Blockchain analytics firm Bubblemaps corroborated this, stating one entity controls about 50%. The token's rapid drop from $2.56 to $0.79 underscores the potential for significant volatility and market manipulation when supply is concentrated.\n\nhttps://cryptovka.com/news/siren-token-plunges-70-amid-warnings-of-highly-concentrated-holdings",
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