How much SIREN does the whale still hold after the $28M sell-off?

The whale still holds 478 million SIREN tokens after generating $28M in USDT from on-chain sales over the past 24 hours, meaning the current sell-off represents only a fraction of the total position.

Why does depositing USDT to Bitget and Bybit signal more selling ahead?

Moving stablecoin proceeds onto centralised exchanges is a standard pre-sell pattern — it positions the whale to convert SIREN into fiat or other assets through exchange order books, indicating continued distribution rather than profit-taking that has run its course.

What should SIREN holders watch to gauge when selling pressure might ease?

The key indicators are the whale's wallet balance and SIREN inflow data on Bitget and Bybit. A material reduction in the 478M remaining token position or a slowdown in exchange deposits would be the earliest signals of potential stabilisation.

🩸BEARISH 1h ago

Lookonchain

SIREN whale dumps $28M USDT to Bitget and Bybit with 478M…

A single whale address has generated $28 million in USDT proceeds from on-chain SIREN sales over the past 24 hours…

Zipp Editorial Aggregated from Lookonchain

SIREN whale dumps $28M USDT to Bitget and Bybit with 478M…

A single whale address has generated $28 million in USDT proceeds from on-chain SIREN sales over the past 24 hours, depositing $25.7 million of that directly to Bitget and Bybit — a clear signal that the selling pressure is being routed through centralised liquidity rather than absorbed on-chain.

Why it matters

The deposit pattern is the tell: moving stablecoin proceeds onto major exchanges is the standard pre-sell playbook, and the speed of the transfer — $25.7M of $28M within a single day — leaves little ambiguity about intent. With 478 million SIREN tokens still sitting in the whale's wallet, the current drawdown represents only a fraction of the total position. Any holder or trader with SIREN exposure should treat this as an active, ongoing distribution event, not a completed one.

Market impact

The combination of large on-chain sell volume and direct exchange deposits typically accelerates price deterioration as centralised order books absorb the incoming supply. Until the whale's remaining 478M SIREN position is materially reduced or the deposit flow to Bitget and Bybit stops, downward pressure on SIREN is likely to persist. Monitoring the whale's wallet and exchange inflow trackers for SIREN will be the key leading indicator for any near-term relief.

$SIREN #WhaleActivity #USDT #Bitget

Frequently asked questions

How much SIREN does the whale still hold after the $28M sell-off?

The whale still holds 478 million SIREN tokens after generating $28M in USDT from on-chain sales over the past 24 hours, meaning the current sell-off represents only a fraction of the total position.
Why does depositing USDT to Bitget and Bybit signal more selling ahead?

Moving stablecoin proceeds onto centralised exchanges is a standard pre-sell pattern — it positions the whale to convert SIREN into fiat or other assets through exchange order books, indicating continued distribution rather than profit-taking that has run its course.
What should SIREN holders watch to gauge when selling pressure might ease?

The key indicators are the whale's wallet balance and SIREN inflow data on Bitget and Bybit. A material reduction in the 478M remaining token position or a slowdown in exchange deposits would be the earliest signals of potential stabilisation.

Source attribution

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