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CryptoMediumUpdated×3•Originally published 23 March 2026•Updated 24 March 2026•

1 min read

SIREN Token Crashes 70% as Investigators Reveal 50% Supply Concentration

Golden Bitcoin symbol in front of a screen showing cryptocurrency price charts

Key Facts

1SIREN token price expanded to $2.92 with record-high open interest.

2 months ago

Version History

9 additional sources confirmed this story

Version 32 months ago

Version 22 months ago

What changed: Updated technical data to correct the peak price to $3.60, establish the current trading price at $1.04, and quantify the preceding rally at 238%.

Version 12 months ago

What changed: SIREN token price collapsed by 70% in 24 hours after on-chain investigators ZachXBT and Bubblemaps flagged that 50% of the supply is controlled by a single entity.

The SIREN token is currently trading at $1.04, representing a sharp 55.90% intraday decline. This correction follows a peak of $3.60 reached on March 22, updating previous estimates that placed the high at $2.92. The crash was preceded by a parabolic 238% rally that brought the price near its all-time high of $4.72 before the trend reversed. The sell-off intensified after on-chain investigators ZachXBT and Bubblemaps revealed that a single entity controls 50% of the total supply, sparking fears of a coordinated "pump and dump" scheme. Trading volume remains heavily concentrated on the Gate.io exchange, highlighting ongoing concerns regarding liquidity and market manipulation. Analysts continue to warn of extreme risks due to the project's lack of transparency and high degree of centralization.