SIREN Supply Dominated by Whales, Leading to Significant Price Surge

Whales are reported to control approximately 88.5% of the SIREN token supply, according to EmberCN monitoring. When holdings on centralized exchanges (CEX) are considered, this control extends to nearly the entire spot supply. According to NS3.AI, 52 of the top 54 holder addresses seem to be owned by a single entity, which has been linked to SIREN's 30-fold increase in value over the past one and a half months.