The post SIREN Price Crash Wipes 78% After $3B Hype Turns Ugly appeared first on Coinpedia Fintech News
SIREN price didn’t just dip, it just crashed like everything’s over. After racing to an all-time high of $4.60 and flirting with a $3 billion market cap, the token has now collapsed nearly 78%, trading around $1.0 as of March 24. And if you’re wondering whether anyone saw it coming… yeah, they did. And Loudly screamed on X before it happened.
Early Warnings About SIREN Price Concentration Ignored
Here’s where things start looking less like bad luck and more like a script. Just hours before the crash, on-chain analytics Bubblemaps flagged a massive red flag that one cluster controlling nearly 50% of SIREN’s supply. At peak valuation, that chunk alone was worth about $1.5 billion.
They even said that “Think about that for a second. Half the supply. In one place.” Warnings didn’t mince words either this kind of setup “only ends one way.” And well, it did as the platform feared.
Meanwhile, others were already calling it out as a potential short-term manipulation play, suggesting the rally wasn’t built for sustainability but for exit liquidity. Harsh? Maybe. Wrong? Doesn’t look like it and suggested bearish short positions to traders who took it have realized great profits but those who ignored are now at severe losses.
Also, Santiment charts shows that on social platforms people are posting negative opinions more than positive opinion clearly shows people are frustrated on this move.
Pump And Dump Pattern Plays Out Perfectly Again
So, what actually happened? A textbook pump-and-dump. SIREN price surged aggressively, pulling in attention, volume, and likely retail momentum. Then came the unwind fast, brutal, and unforgiving.
From $4.60 to $1.0 isn’t just a correction. It’s a collapse. Market cap followed suit, shrinking to roughly $743.65 million.
This isn’t some rare anomaly. The pattern described beforehand? Big push, short-lived hype, then a wipeout. That’s exactly how this played out. No mystery. Just timing.
Technical Indicators Now Signal More Downside Risk Ahead
Now let’s talk charts because they’re not exactly screaming “recovery.”
Momentum indicators had been flashing strength during the rally. MACD, AO both showed aggressive upside pressure over the past 48 hours. But that’s already fading. MACD is rolling over, hinting that bullish momentum is losing steam.
RSI? Cooling off. No surprise there. And CMF has slipped below the zero line, suggesting capital is flowing out, not in. That’s not the kind of signal bulls want to see after a crash.
So, If the selling continues and right now, there’s little to suggest otherwise but the next logical downside level sits around the 200-day EMA band, roughly near $0.24. That’s a long way down from current levels.
Product Claims Raise More Questions Than Confidence
But let’s be real the SIREN price action is only part of the story. There are growing concerns about what SIREN actually delivers. Its official pitch revolves around an AI-powered insights engine something website called the SirenAI agent. Sounds fancy.
In practice? Not so much. The platform view displayed on image above is the full horizontal view of its Dapp that reportedly lacks even basic functionality like wallet connectivity or a proper login interface it had one redirect link to Pancakeswap only. Worse, the AI agent itself struggled to provide meaningful answers.
That’s not just underwhelming it raises serious credibility issues. And when fundamentals don’t back the hype, the SIREN price tends to reflect that reality sooner or later. In this case, sooner.