AI Token SIREN Plunges 95% as Whale Dumps $65M in Two-Day Selling Spree

An artificial intelligence token on BNB Chain has suffered a catastrophic collapse after a dominant holder liquidated nearly the entire circulating supply in a dramatic two-day selloff. The SIREN token plummeted 95% over the past week as one wallet address unloaded approximately 670 million tokens, pocketing $64.8 million in Tether stablecoins and leaving retail investors reeling.

The massive disposal represented roughly 92% of SIREN’s total token supply, according to on-chain data. The whale’s exit strategy unfolded across multiple transactions, systematically draining liquidity from decentralized exchanges and triggering a price death spiral that erased hundreds of millions in market capitalization within hours.

Warning Signs for AI Token Investors

The incident highlights persistent risks in nascent crypto sectors where token distribution remains heavily concentrated. AI-themed tokens have attracted significant speculative interest throughout 2024 and early 2025, yet many projects launch with questionable tokenomics that leave retail participants vulnerable to sudden rug pulls or coordinated dumps by early backers.

Market analysts noted that SIREN’s concentrated ownership structure created an inherent fragility. When a single entity controls the vast majority of circulating tokens, price stability depends entirely on that holder’s intentions. The recent selloff demonstrates how quickly enthusiasm can evaporate when major stakeholders decide to exit, particularly in lower-liquidity altcoins trading primarily on decentralized platforms.

The Tether proceeds suggest the whale prioritized stable-value extraction over holding positions in other cryptocurrencies, potentially signaling broader caution about current market conditions. For investors, the episode serves as a stark reminder to scrutinize token distribution and holder concentration before committing capital to speculative assets, especially in trending sectors like artificial intelligence where hype often outpaces fundamental development.

Based on reporting by the original source.