The wallet linked to the “SIREN controller” sold approximately 201 million SIREN in 14 hours, generating around 27.7 million USDT .
Of the USDT received, approximately 24.8 million USDT was transferred to Bitget and Bybit. The amount of SIREN held on the chain by this wallet decreased from 682 million to 468 million.
The developments indicate a sharp increase in the amount of SIREN sold on the chain in a short period of time. There are currently no further details regarding the reason for the sales, nor the purpose of the USDT transferred to the two exchanges.
The data was provided by on-chain analyst Yu Jin. There is no further information available regarding whether these transactions will continue.
