SIREN's controlling shareholders sold off 360 million SIREN tokens in a day and a half, exchanging them for approximately 48.7 million USDT.

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PANews reported on June 14 that, according to on-chain analyst Ember, as SIREN controllers continued to sell on-chain today, the price of SIREN has fallen to $0.06, a 95% drop from its high of $1.3 a week ago.

From an on-chain perspective, they sold 360 million SIREN in a day and a half, exchanging them for approximately 48.7 million USDT. Currently, on-chain addresses still hold approximately 319 million SIREN (44% of the total supply).

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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