SIREN, a BNB Chain-based AI meme token that briefly captured the attention of the crypto market earlier this year, is in freefall. The token has shed 98.3% of its value from its all-time high of $3.61, recorded on March 22, 2026, and is currently trading around $0.058. For a token that once commanded a market valuation north of $1.7 billion, the collapse has been both swift and brutal. Why is the price of SIREN coin dropping? The immediate trigger for the latest leg down was a massive coordinated sell-off by a single whale who controlled an outsized portion of the token’s supply.
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