TechFlow News: On March 23, blockchain analyst Yu Jin (@EmberCN) reported that the actual controlling stake of the $SIREN token reached 88.5%, totaling 644 million SIREN tokens valued at $1.44 billion—higher than the previously disclosed 66.5%. Analysis of the top 54 SIREN-holding addresses revealed that, excluding the #1 address (a burn wallet) and the #3 address (Binance Web3 Wallet), all remaining 52 addresses belong to a single controlling entity. Of these, 48 addresses participated in yesterday’s centralized consolidation operation, while the holdings in the other four addresses can be traced back to purchases made between late June and early July 2024. Additionally, this controlling entity holds a substantial quantity of SIREN on centralized exchanges.
The analyst suggested the幕后 operator may be DWF Labs. On-chain data shows DWF Labs’ publicly identified wallet holds 3 million SIREN tokens and completed a transfer operation the day before the 66.5% centralized consolidation occurred. Over the past roughly one and a half months, SIREN has surged approximately 30-fold.
