Siren Token Rises 340% as Analysts Flag Concentrated Holdings

Crypto token Siren just mooned 340% in a week — but analysts are sounding the alarm that this might be a classic pump fueled by a handful of whales controlling the entire supply. This isn't just hype; it's a textbook case of supply manipulation.

Siren markets itself as the 'first AI analyst agent deployed on BNB Chain.' Right now, CoinGecko shows SIREN trading at $2.81, up over 340% from $0.63 on March 16. In the past month alone, the token exploded by nearly 1,300% from $0.22. But this insane rally is drawing major scrutiny after on-chain sleuths revealed that a massive chunk of the token's supply might be concentrated in just a few wallets — a setup that could trigger massive volatility if true.

On-chain analyst EmberCN dropped the bomb, citing an unverified custom entity on Arkham Intelligence. He claims this single party cornered nearly all the spot supply to profit off derivatives contracts. According to him, this is the secret sauce behind SIREN's insane surge over the past month.

The Arkham Intelligence page shows this entity holding 644 million SIREN tokens (worth around $1.8 billion). That's a staggering 88% of the entire circulating supply of 728 million tokens. Let that sink in — one entity controls almost the entire market.

On X, pseudonymous crypto analyst Mlmabc warned his followers on Sunday to be extremely careful trading this token, bluntly stating that 'supply is heavily cornered.' He revealed that a cluster of wallets is currently sitting on $950 million in unrealized profit — meaning they could dump these tokens on unsuspecting buyers at any moment.

Bitcoin Strategy analyst Gerhard Kuschnik dug deeper using his own Dune Analytics dashboard. His findings are even more damning: most of Siren's trading activity over the last month (during its massive surge) didn't come from new users. Instead, it was existing holders trading among themselves. Kuschnik argues this shows the token isn't gaining genuine new interest — it's just whales playing hot potato.

'The vast majority of trading happens by returning users,' he explained, noting that the average new user who bought into the token during its surge only purchased between 100 and 200 tokens.