SIREN: Controller Disperses 6.8B Tokens After 96% Drop

SIREN controller addresses have now split 6.8 billion tokens representing 94% of supply into hundreds of smaller wallets after dumping into a 96% price collapse from $1.3 to $0.05 that generated roughly 64.8 million USDT.

Approximately 200 million tokens landed on Binance, Gate and KuCoin while the balance was absorbed by hundreds of on-chain addresses buying at sub-$0.1 levels, each taking tens to hundreds of thousands of tokens in what appears to be continued accumulation by the same entity now holding 39.1 million USDT on-chain.

Price action on the 4h chart shows SIREN trading inside the Bollinger Bands with the upper resistance at $0.63 and lower support at -$0.12 while the EMA50 at $0.49 and EMA200 at $0.66 act as concrete long-term resistance; despite the bearish structure the RSI at 20.25 signals oversold conditions and the MACD at -0.16 has printed a bullish golden cross, suggesting any bounce attempt will likely stall at the 50-EMA before the next leg lower.