Analysts: SIREN's tokens are controlled by a large player, with DWF Labs possibly being the main controller.

CoinFeed reported on March 23 that, according to on-chain analyst Yu Jin, the SIREN tokens controlled by the major shareholders are not just 66.5%, but 88.5%. This amounts to 644 million SIREN tokens, worth $1.44 billion. If we add their tokens on centralized exchanges (CEXs), it means the major shareholders control almost all of the SIREN tokens in the spot market, profiting through contracts. This led to a 30-fold increase in SIREN's price in just one and a half months. After the major shareholders intensively accumulated 66.5% of the tokens last night, the analyst reviewed the SIREN Holders rankings again and concluded that, excluding the first wallet (which was destroyed) and the third (a Binance Web3 wallet), the other 52 wallets belong to this major shareholder.