SIREN Token Holdings Consolidated into Fewer Wallets

According to Foresight News, on-chain analyst Yu Jin has reported that the controlling party of SIREN tokens has consolidated holdings from hundreds of wallets into 48 wallets. This involves approximately 484.6 million tokens, representing 66.5% of the total supply. On-chain data reveals that these tokens were initially acquired by the end of June 2025 through numerous wallets at an average price of $0.045, totaling around $21.8 million in expenditure. Over the past month and a half, the price of SIREN has surged from $0.08 to $2.1, marking a 26-fold increase, resulting in a floating profit of approximately 47 times for these holdings.