SIREN Soars Toward $3B as One Entity Controls Up to 88% Supply

• SIREN surged from millions to nearly $3B in hours, driven by a 30x rally tied to highly whale ownership
• On-chain data shows up to 88% of supply held by one entity, raising concerns over manipulation and controlled liquidity
• Analysts warn such rallies often end in sharp crashes, with late traders at risk as early holders begin distribution

SIREN is a native utility and governance token for the Siren Markets has surged sharply, pushing its market cap toward $3 billion within hours. The move followed a 30x price rally, drawing strong trader interest. 

However, on-chain data shows most of the supply is highly concentrated, raising concerns about liquidity control and risk of sharp reversals.

Whale Control Drives 30x Surge Narrative

According to blockchain analysts tracked by Wu Blockchain, a single coordinated entity appears to control an overwhelming share of SI…

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