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SIREN Jumps Above $2.4 as On-Chain Transfer Nears Half of Supply

MLM says an address cluster moved 484.6 million SIREN from Hedgey Finance, a transfer worth about $1 billion and equal to 48.5% of the token’s total supply.

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Terms & Concepts
  • Market capitalization: The total value of a token’s circulating market value, typically calculated by multiplying price by supply in the market.
  • Address cluster: A group of blockchain addresses that analytics researchers believe are controlled by the same entity based on transaction patterns.
  • Total supply: The total number of tokens that exist, including those in circulation and those held or locked.