SIREN Crashes 50% as Whales Trigger Fourth Major Harvesting Event Since February

SIREN, an AI agent protocol, experienced another significant sell-off after major holders sold millions of tokens into the market, leading to a rapid decline in price. On-chain analysis showed that whale-linked addresses dumped a substantial amount of SIREN tokens worth millions of dollars within hours. 

The aggressive selling triggered a price plunge, resulting in a loss of over 50% of the token’s value. As of this report, SIREN traded at $0.124, according to data from CoinGecko.

Whale-Controlled Supply Triggers Sharp Market Crash

The recent decline in SIREN’s price began when major holders started distributing large amounts of the token across various addresses and trading platforms. As sell orders flooded the exchanges, the token’s price quickly dropped from around $0.47 to approximately $0.23, erasing weeks of gains.

Data from Arkham indicates that a concentrated group of whale wallets controls roughly 680 million SIREN tokens. This accounts for nearly 94% of the total supply. Analysts report that one whale received over $7.5 million from selling the token, yet still holds about 595.7 million SIREN, valued at roughly $91.86 million.

Community reactions are mixed. While some express fear, others remain cautiously optimistic. Some holders hope for stabilization if the whales pause their distribution, while others are calling for greater transparency regarding token holdings. The selling appears to be ongoing, with the token’s price continuing its downward trend.

Rising Questions About Long-Term Market Stability

The recent crash of SIREN follows a familiar pattern that traders have observed throughout 2026. Notably, SIREN has experienced four major cycles in which dominant holders accumulated positions, driving bullish momentum, before selling as prices rose. 

For instance, in February, whale wallets accumulated tens of millions of SIREN tokens, contributing to a rapid surge in price and heightened market attention. By March, analysts reported that a single whale-linked network controlled approximately 645 million SIREN tokens.

Additionally, investigations revealed that roughly 88.5% of the token supply was concentrated among a small group of holders. Tracking further indicated that hundreds of millions of tokens were moving into a limited number of wallets, effectively increasing this concentration.

Each cycle attracted new buyers during strong rallies, but heavy distributions ultimately resulted in steep corrections. Market participants refer to this process as a “harvesting cycle,” where whale-controlled liquidity becomes the primary driver of price action.

The latest 50% decline serves as a reminder that concentration risk remains one of the most significant factors influencing SIREN’s market behavior.

The post SIREN Crashes 50% as Whales Trigger Fourth Major Harvesting Event Since February appeared first on CoinTab News.