TechFlow News: On March 22, according to on-chain analyst Yu Jin (@EmberCN), the controlling entity of SIREN consolidated tokens—previously dispersed across hundreds of wallets—into 48 wallets within the past few hours. This consolidation involved approximately 484.6 million tokens, representing 66.5% of the total supply and valued at roughly $1.04 billion at current prices.
On-chain data shows these tokens were accumulated around the end of June 2025 via hundreds of wallets at an average price of approximately $0.045 per token, totaling about $21.8 million in acquisition cost. Over the past ~1.5 months, SIREN’s price surged from $0.08 to $2.10—a roughly 26-fold increase—and the unrealized gain on this position stands at approximately 47-fold.
