SIREN Whale Regains Over 93% of Supply as Token Jumps 185%

According to on-chain analyst Ember, one large holder regained control of most SIREN tokens while the token’s price climbed from $0.13 to $2.18 in 24 hours.

Summary

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Terms & Concepts
  • Whale: A wallet or investor holding a very large amount of a token, often able to influence market liquidity and price movements.
  • On-chain analysis: The study of blockchain transaction data to track wallet activity, token flows, and concentration of holdings.
  • Token supply concentration: A situation where a large share of a cryptocurrency’s circulating or total supply is controlled by a small number of holders.