Recently, the token SIREN has been performing impressively in the market, and today it has revealed significant on-chain movements. According to on-chain analyst Yu Jin's monitoring, the controlling party of this token has rapidly consolidated the chips previously distributed across hundreds of wallets into 48 wallets within a few hours. This action suggests that a potential selling storm may be imminent.
Massive chip consolidation, with floating profits reaching 47 times
On-chain data shows that this consolidation involves approximately 484.6 million tokens, accounting for 66.5% of SIREN's total supply. Based on the current price of about $2.1, the total value of this portion of chips reaches as high as $1.04 billion.
Looking back at the history of building positions, the controlling party completed its accumulation at the end of June 2025 through hundreds of wallets, at an average price of about $0.045, with a total expenditure of about $21.8 million. In the past approximately one and a half months, the SIREN price skyrocketed from $0.08 to $2.1, an increase of up to 26 times. This means that even without considering possible previous fluctuations, the floating profit from this round of chip accumulation has already reached 47 times.
Chip accumulation: "ammunition loading" before selling
In the crypto market, concentrating scattered chips often signals major operations. Given the current market environment and on-chain characteristics, the purpose of this accumulation likely points to selling for cash:
1. Huge floating profits drive: 47 times the book profit provides a strong monetization incentive for any market participant. Streamlining chips from hundreds of addresses to 48 makes it easier for the dealer to efficiently and discreetly execute large sell orders, rather than continuing to pull the market.
2. Unlocking state: Data shows that these tokens were just withdrawn from locking protocols like Hedgey Finance before accumulation. This means that the chips have been unstaked or unlocked, officially entering a "circulating" state, clearing obstacles for selling on exchanges.
Market risks under high control
The current market structure of SIREN is extremely dangerous, with the dealer holding absolute pricing power:
· Absolute control: The accumulated 66.5% supply means that market depth is completely controlled by the dealer. They can use a small amount of chips to pull the market to attract trend followers or instantly smash the buy orders, leading to a price collapse.
· Lack of substantial support: Market analysis points out that the current rapid rise of SIREN is mainly driven by contract leverage trading, while spot trading volume has not increased simultaneously. This kind of "hollow" rise is unstable; once the dealer turns to sell, it can easily trigger a chain liquidation and a stampede-style collapse.
Conclusion and warning
On-chain data clearly outlines a typical path of “high control - violent price increase - preparing to sell”. When the dealer, who can see through the bottom cards, has placed tens of billions of dollars worth of chips on the table, ordinary investors are faced not with an "opportunity", but with a definite "risk".
Intervening at this time is akin to engaging in a game of complete opacity in information and chips with an opponent holding an absolute advantage. It is advisable to remain highly vigilant, firmly avoid, and not to blindly chase highs due to short-term price increases, becoming the last passer.