Gate News reports that on March 23, on-chain analyst Yu Jin monitored that the SIREN token controlling party consolidated tokens from hundreds of wallets into 48 wallets on March 22. The total involved approximately 484.6 million tokens, accounting for 66.5% of the total supply, with a current value of about $1.04 billion. On-chain data shows that these tokens were accumulated by hundreds of wallets around June 2025 at an average price of approximately $0.045, costing about $21.8 million. Over the past month and a half, SIREN has risen from $0.08 to $2.10, an increase of about 26 times, with an unrealized profit of approximately 47 times on the holdings.
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