$SIREN 🚀🚀🚀🚀🚀🚀🚀🚀🚀
Siren's top-holder distribution tells a different story. Roughly 38% of total supply has been sent to a burn address — meaning those tokens are permanently removed from circulation and can never be sold, transferred, or dumped again. That's a genuine supply reduction, not just an optics trick.
The largest single holder, at around 53%, is Binance's Alpha hot wallet. This isn't a founder or insider wallet — it's a custodial wallet holding assets on behalf of the many individual retail traders who bought and hold Siren through Binance's platform. So while it looks like one address controls the majority of supply, in practice that supply is fragmented across thousands of independent Binance users, each making their own buy/sell decisions.
The remaining supply is spread across other exchanges (KuCoin, Gate, MEXC, CoinEx, BingX, LBank), DEX liquidity pools (PancakeSwap V3, Uniswap V3), and an 'Others' bucket at ~19%. $BTC $ETH
Siren's top-holder distribution tells a different story. Roughly 38% of total supply has been sent to a burn address — meaning those tokens are permanently removed from circulation and can never be sold, transferred, or dumped again. That's a genuine supply reduction, not just an optics trick.
The largest single holder, at around 53%, is Binance's Alpha hot wallet. This isn't a founder or insider wallet — it's a custodial wallet holding assets on behalf of the many individual retail traders who bought and hold Siren through Binance's platform. So while it looks like one address controls the majority of supply, in practice that supply is fragmented across thousands of independent Binance users, each making their own buy/sell decisions.
The remaining supply is spread across other exchanges (KuCoin, Gate, MEXC, CoinEx, BingX, LBank), DEX liquidity pools (PancakeSwap V3, Uniswap V3), and an 'Others' bucket at ~19%. $BTC $ETH
