SIREN This time it's not a correction; it's really on the verge of being wiped out.

In 24 hours, it dropped over 80%, with the market cap falling from $2 billion to less than $400 million, and the token price is only around $0.28.
Even more outrageous is that the on-chain chips are still highly controlled, with about 88% held by a few addresses. The result is that retail investors are getting buried on one side, while big players are buying the dip and scooping up the dead bodies, making a single trade profit of $320,000. The situation is too obvious.
Now, the community sentiment has basically collapsed, and many people have already given SIREN a death sentence.
Some still hoped for a rebound or recovery before, but now most just want to get out if they can, sell if they can. Liquidity continues to deteriorate; the less people are willing to buy, the worse the market looks.
The funding situation is also quite real:
Institutions continue to buy on derivatives, while retail investors are either waiting on the sidelines or selling off.
It looks like someone is trying to buy, but the selling pressure hasn't been fully absorbed yet, so don’t rush to think “it’s fallen enough.”
Many tokens don’t necessarily rise just because they’ve fallen a lot, especially in situations with distorted chips + emotional collapse + drained liquidity. The market is still likely to be dominated by big players, and retail investors entering now could easily become fuel for further decline.
To put it simply, the biggest problem with $SIREN now is no longer how much it has fallen,
but that the market is starting to doubt whether it still has a way out. $SIREN ‌#Gate广场四月发帖挑战