SIREN supply concentration climbs to 66.5% after major holder consolidates into 48 wallets

ChainCatcher reports that on-chain analyst Yujin said the entity controlling SIREN has consolidated tokens spread across hundreds of wallets into 48 wallets over the past few hours. The transfer involved about 484.6 million SIREN tokens—66.5% of total supply—worth roughly $1.04 billion at current prices. On-chain data indicates the position was built through hundreds of wallets by the end of June 2025 at an average entry price of around $0.045, for an estimated total cost of about $21.8 million. Over the past six weeks, SIREN has surged from $0.08 to $2.10, a gain of about 26x. The holdings are now showing an unrealized profit of roughly 47x.