One of the notable latest surges within the cryptocurrency market has been seen within the $SIREN token. In accordance with knowledge, $SIREN gained over 152% in worth within the final 24 hours, surpassing the $2.4 degree, and its whole market capitalization reached roughly $1.72 billion.
Information signifies {that a} extremely concentrated provide construction lies behind this sharp enhance. In accordance with the on-chain analytics platform MLM monitoring, a single deal with cluster transferred 484.6 million $SIREN by Hedgey Finance within the final 24 hours. This quantity, value roughly $1 billion, corresponds to 48.5% of the whole provide. The unrealized revenue from this deal with cluster has already exceeded $950 million.
The rise in $SIREN shouldn’t be restricted to the brief time period. In accordance with knowledge, the token has elevated roughly 26 occasions within the final month and a half, rising from $0.08 to $2.1. This efficiency has drawn consideration out there to the availability controls on $SIREN and the potential volatility dangers.
However, based on knowledge shared by EmberCN, management over $SIREN has change into much more centralized following the worth enhance. 484.6 million $SIREN, representing 66.5% of the token provide, have been consolidated from a whole bunch of various wallets into simply 48 wallets. The entire worth of those belongings is roughly $1.04 billion.
Evaluation reveals that these addresses collected these tokens by the tip of June 2025, spending a complete of $21.8 million at a mean price of roughly $0.045. Contemplating present value ranges, this funding is valued at over $1 billion, yielding an estimated return of roughly 47 occasions.
*This isn’t funding recommendation.
