SIREN whale continues selling after receiving over $7.5 million in USDT

The wallet still holds 595.7 million SIREN valued at about $91.86 million, underscoring the scale of the remaining position despite continued dumping.

Summary

A large SIREN holder is continuing to sell the token after receiving more than $7.5 million in USDT. The wallet still holds 595.7 million SIREN worth approximately $91.86 million, indicating that a sizable position remains even after the latest sales. Large-holder selling can weigh on token prices by increasing market supply and signaling potential further distribution.

Terms & Concepts
  • whale: A wallet or investor holding a very large position.
  • USDT: A dollar-pegged stablecoin used for trading and transfers.