SIREN's controlling shareholders sold off 360 million SIREN tokens in a day and a half, exchanging them for approximately 48.7 million USDT.

CoinFeed reported on June 14th that, according to on-chain analyst Yu Jin, as the SIREN controllers continued their on-chain sell-off today, the price of SIREN has fallen to $0.06, a 95% drop from its high of $1.30 a week ago. On-chain, they sold 360 million SIREN in a day and a half, exchanging them for approximately 48.7 million USDT. Currently, on-chain addresses still hold approximately 319 million SIREN (44% of the total supply).