SIREN price crashed 75% to $0.126 after a whale offloaded 17 million tokens in a single move, triggering a sharp sell-off that wiped out three-quarters of the token’s value.
SIREN price collapse: what happened
KEY TAKEAWAYS
- SIREN dropped 75% after a whale sold 17 million tokens.
- The token fell to $0.126, its post-crash reference price.
- The concentrated sell-off highlights the liquidity risks facing smaller-cap tokens.
The 75% decline was driven by a single large holder who dumped 17 million SIREN tokens onto the market. The scale of the sale overwhelmed available buy-side liquidity, sending the price into freefall.
SIREN, a decentralized options protocol token listed on CoinGecko, saw its value collapse to $0.126 in the aftermath. The move is a stark reminder of the risks smaller crypto projects face when token ownership is heavily concentrated.
How the whale sale pressured the SIREN market
When a single wallet offloads 17 million tokens in a low-liquidity environment, the available buy orders are consumed rapidly. Each successive sell order fills at a lower price, creating a cascading decline that accelerates as the order book thins out.
Whale concentration is a persistent risk in smaller-cap crypto markets. Unlike large-cap tokens where deep liquidity can absorb major sales, projects like SIREN lack the market depth to cushion a dump of this magnitude. The incident echoes broader concerns about concentrated holdings and investor protection across the crypto space.
Visible whale activity also tends to trigger reactive selling from other holders. Traders monitoring on-chain flows often interpret large outflows as a bearish signal, compounding the initial sell pressure with follow-on liquidations.
What traders will watch after the 75% SIREN drop
The immediate question is whether SIREN can stabilize above the $0.126 level or whether further selling will push the price lower. Post-crash consolidation typically depends on whether the whale’s selling is complete or if additional tokens remain to be offloaded.
Volume patterns in the coming sessions will be critical. A spike in buying volume near current levels could indicate accumulation by new holders, while continued elevated sell volume would suggest the capitulation phase is not yet over. As the broader crypto market navigates its own shifts, including developments in institutional crypto products and industry consolidation, smaller tokens like SIREN remain especially vulnerable to single-actor moves.
For now, the 75% crash stands as one of the sharper whale-driven declines in recent weeks, and whether SIREN recovers or continues to bleed will depend entirely on whether selling pressure has been exhausted.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
