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TechFlow News: On April 17, on-chain analyst EmberCN (@EmberCN) reported that after distributing and selling off tokens earlier this month, the SIREN market maker has reacquired a substantial portion of the supply, raising its control over circulating tokens to over 93%. This marks another round of aggressive market activity. SIREN surged 185% in the past 24 hours, rebounding from its recent low of $0.13—reached following prior declines—to $2.18.
According to on-chain analyst Yujin (@EmberCN), after the SIREN “whale” distributed and sold off tokens early this month, they have since reaccumulated holdings, raising their control over the token supply to over 93%. This has triggered another round of aggressive market activity. SIREN surged 185% in the past 24 hours, rebounding from its previous post-dip low of $0.13 to $2.18.
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