PANews reported on April 16th that, according to on-chain analyst Yu Jin, after SIREN's price plummeted 94% from $2 to $0.13 at the beginning of the month, a batch of addresses began withdrawing large amounts of SIREN from the Binance Alpha wallet starting April 5th. As of now, these addresses have withdrawn a total of 30.07 million SIREN (US$25.09 million). During this period, SIREN rebounded from $0.13 to $0.83.

Previous statistics showed that the SIREN market maker controlled at least 88.5% of the SIREN tokens, and the addresses withdrawing funds from the Binance Alpha wallet likely also belonged to the SIREN market maker. Looking at the blockchain alone, the SIREN market maker controlled at least 93% of the tokens; this figure would be even higher if holdings on centralized exchanges were included.