SIREN coin has surged 106% over the past 24 hours, hitting a session high of $2, with a market cap of $1.45 billion. The move was driven by concentrated buying into a thin market, as the token’s liquidity-to-market cap ratio sits at just 1.14%, and the 24-hour turnover ratio came in at 0.0405, despite $59.6 million in volume.
On March 22, SIREN coin briefly crossed $2 billion in market cap, up from roughly $160 million less than a month prior and $40 million at its February base, before setting an ATH of $3.83 on March 22 and pulling back nearly 49% from that level.
The token launched in February 2025 as an on-chain AI agent analyst on BNB Chain, was largely abandoned post-launch, then squeezed 500–600% in its initial run. What is happening now is a second, larger compression of the same structure.
Blockchain analytics firm Bubblemaps identified a cluster of over 200 wallets that purchased SIREN tokens in two separate batches, June and February 2025, funded through PancakeSwap, then dispersed to 47 wallets.
That cluster now controls approximately 47–50% of the circulating supply, valued at around $1.3 billion at peak. In the past 24 hours alone, 484.6 million SIREN, 48.5% of the total supply, was withdrawn from Hedgey Finance by this single group.
Those tokens were originally deposited in early February, days before the first big squeeze. The cluster’s year-to-date unrealized gain currently exceeds $950 million.
ZachXBT separately flagged that the wallet addresses within that 48.5% cluster link on-chain to DWF Labs-affiliated tokens, including LADYS, RACA, and TOMO. The identity of both the SIREN Coin deployer and the controlling cluster remains unverified.
SIREN Coin Price Faces Reversal Risk as RSI Hits 79
On the weekly timeframe, the technical picture is split. Every moving average from the EMA-10 through the SMA-50 is printing a buy signal, as the price is trading well above all of them, with the EMA-10 at $0.918 and the SMA-50 at $0.199. The Hull Moving Average sits at $1.861, also a buy, while VWAP at $0.344 reflects just how far and fast the price has run from its base.
The oscillators tell a different story. The RSI(14) is at around 80, a sell reading and one of the more extreme overbought prints this token has seen. Stochastic RSI Fast is at 94.61, also flashing a sell signal. The Commodity Channel Index has reached 277.24, another sell.
The immediate structure is fragile at the current volume. A break below $1.65 opens a fast path to $1.20, given the limited liquidity beneath the price. If 24-hour volume fades below $30 million, that is the signal that momentum has stalled and the controlling cluster may begin distributing.
The 24-hour range of $0.9881 to $1.96 shows buyers absorbed a test near $1, but Siren crypto is now trading in territory where any large seller, particularly the one holding nearly half the supply, can move price sharply in either direction.
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