Whale holding over 90% supply dumps 670M SIREN, price falls 95%

SIREN crashed over 95% in two days after one whale sold about 670 million tokens. Lookonchain says the seller held 92%–94% of circulating supply and cashed out roughly $64.8M in USDT (Lookonchain).

The token runs on BNB Chain. It’s an AI-agent meme coin, not core AI infra. The move exposed concentration risk on BNB Chain rather than any AI failure.

Price slid from around $1.30 to near $0.05 in about 48 hours. The market couldn’t absorb the exit once the dominant holder started selling (Lookonchain).

Lookonchain tracked how the proceeds moved. About $25.7M in USDT went to CEXs including Binance, Gate, and KuCoin. Another $39.1M in USDT spread across hundreds of on-chain addresses (Lookonchain).

The takeaway is structural. A high headline market cap can mask thin real liquidity when one wallet dominates float. SIREN’s order books looked liquid on the way up, but depth vanished when the whale exited (Lookonchain).

Key on-chain datapoints
- ~670M SIREN sold by a single address (Lookonchain)
- 92%–94% of circulating supply controlled pre-sale (Lookonchain)
- ~$64.8M proceeds in USDT (Lookonchain)
- ~$25.7M to CEXs, ~$39.1M to many addresses (Lookonchain)
- Price drop: ~$1.30 to ~$0.05 in ~48 hours (Lookonchain)

Headline
Whale dumps 670M SIREN; price drops 95% in 48 hours, $64.8M USDT traced — Lookonchain