SIREN Plunges 70% After Suspected Manipulator Sells More Than 118 Million Tokens
Uk Jin
Summary
- Altcoin SIREN was trading at $0.1442, down 70.87%% from a day earlier.
- On-chain analyst EmberCN said an address suspected of being part of a manipulation scheme sold 118 million tokens and secured 18 million Tether (USDT).
- Because SIREN is not listed on domestic won-denominated exchanges, potential losses for South Korean investors are expected to be limited.
Forecast Trend Report by Period
Altcoin SIREN tumbled sharply in intraday trading.
As of 5:35 p.m. in Seoul on June 13, the token was trading at $0.1442, down 70.87% from a day earlier, according to CoinMarketCap.
On-chain analyst EmberCN wrote on X that an address believed to be tied to price manipulation sold about 118 million SIREN tokens after 11 a.m., securing 18 million Tether (USDT).
SIREN is not listed on South Korean won-denominated exchanges, limiting potential losses for local investors.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
