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

According to EmberCN monitoring, the actual control ratio of SIREN by the main player reaches 88.5%. If their holdings on centralized exchanges (CEXs) are included, the control ratio is close to that of all spot trading. Data shows that among the top 54 holders, apart from the destroyed wallet and the Binance Web3 wallet, the remaining 52 addresses all belong to the same controlling party. Among them, 48 are recently accumulated addresses, and the holdings of the other 4 addresses can be traced back to the end of June to the beginning of July last year. This control behavior is believed to be related to the 30-fold increase of SIREN in one and a half months. At the same time, the controlling party is suspected to be DWF Labs, whose public wallet holds about 3 million SIREN, and after the transfer the day before, 66.5% of the tokens were intensively accumulated the next day.