SIREN surged 30.89% in 24 hours, now trading at $1.69

Gate News, March 25 — According to Gate Market Data, at the time of publication, SIREN is trading at $1.69, up 30.89% in the past 24 hours. The highest price reached $1.78, while the lowest dropped to $0.77. The 24-hour trading volume is $10.65 million. The current market cap is approximately $1.228 billion, ranking 66th among global cryptocurrencies.

SirenAI is an innovative project combining AI and blockchain technology, inspired by legendary creatures from Greek mythology. The core driver is SirenAIAgent, an AI entity with dual personalities. SIREN AI Trade uses AI algorithms and automated trading functions to analyze blockchain data, market sentiment, and social trends in real-time, providing users with investment insights and optimized market decisions. SIREN Dex is an AI-powered decentralized exchange that integrates AI risk management, smart order matching, and cross-chain interoperability, offering users a seamless trading experience. SIREN aims to achieve intelligent investing, automated trading, and decentralized finance through the integration of AI and blockchain, making crypto asset trading safer and more efficient in the Web3 era.

Recent important news about SIREN:

1️⃣ Severe Token Supply Concentration Risk
SIREN faces a critically serious supply concentration issue. On-chain data shows that the controlling party holds 644 million SIREN tokens, accounting for 88.5% of the total circulating supply, valued at about $1.44 billion. This cluster is composed of only 52 addresses. Recently, the controlling party consolidated tokens from hundreds of wallets into 48 wallets, involving approximately 484.6 million tokens, or 66.5% of the total supply. This level of concentration far exceeds healthy standards and poses a high risk of sharp volatility.

2️⃣ Large-Scale Token Control and Profit Taking
The controlling party accumulated positions by June 2025 at an average price of about $0.045, with an initial investment of roughly $21.8 million. Over the past month and a half, SIREN rose from $0.08 to a peak of $2.10, a 26-fold increase. The unrealized profit on this position is about 47 times, with a current value exceeding $1 billion. Meanwhile, several large holders have begun to take profits, including a retail address that built a position of 1.27 million tokens at $0.07827 two months ago and sold at $1.64, earning approximately $1.99 million.

3️⃣ Contract Leverage Trading Amplifies Volatility
Decentralized contract trading platform Sun Wukong has launched SIREN/USDT perpetual contracts with leverage up to 20x. The controlling party, controlling nearly all spot supply, combined with high-leverage futures positions, has achieved outsized gains through leverage. This spot-futures linkage further amplifies price fluctuations and increases the risk of market collapse.

This news is not investment advice. Please be aware of market volatility risks.