Analysts: SIREN's actual control by the major shareholders reaches 88.5%, and the mastermind behind the operation may be DWF Labs.

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TechFlow to TechFlow, on March 23, on-chain analyst EmberCN reported that the actual control ratio of the $SIREN token reached 88.5%, higher than the previously disclosed 66.5%. Analysis of the top 54 SIREN holding addresses revealed that, except for the first-ranked wallet (which was destroyed) and the third-ranked Binance Web3 wallet, the remaining 52 addresses belong to the same controlling party. Of these, 48 addresses participated in yesterday's concentrated accumulation operation, and the holdings of the other 4 addresses can be traced back to purchases made between the end of June and the beginning of July 2024. Furthermore, this controlling party also holds a significant amount of SIREN on centralized exchanges. On-chain data shows that DWF Labs' publicly known wallet held 3 million SIREN, and completed a transfer operation the day before, with 66.5% of the tokens being concentrated the following day. SIREN has seen a cumulative increase of 30 times in the past month and a half.

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