SIREN Soars to $2 as Short Liquidations Dominate Market
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SIREN token surged 118.84% in 24h to $2.23, jumping from ~ $1.05 to above $1.70 after a breakout from low volatility; $2.91M in short liquidations dominated the move. Market risks: a whale cluster holds ~88.5% of supply, open interest dropped 46% and funding rates remain negative, indicating a short-squeeze driven rally with limited fundamental catalysts for sustained adoption or price stability in crypto/DeFi.
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- SIREN surged 118% after a breakout from low volatility despite no new developments.
- Short liquidations dominated, with $2.91M wiped out over 24 hours driving momentum.
- Whale cluster holds ~88.5% supply as open interest drops 46% and funding stays negative.
SIREN posted a 24-hour rally, climbing to $2.23 and recording a 118.84% gain, even though no new partnerships, product updates, or network developments were identified during the period. The move followed an extended period of low volatility, during which the token traded near $1.00 before a sudden breakout sparked higher market activity.
According to CoinMarketCap price data, SIREN remained largely range-bound earlier in the session, holding near $1.00 before momentum shifted. The token moved from approximately $1.05 to above $1.70 over a short period, reflecting a concentrated wave of buying pressure.
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