Summary
SIREN is a BNB Chain-based token launched in early 2025, marketed as an on-chain AI agent analyst. In March 2026, blockchain investigator ZachXBT and analytics firm Bubblemaps identified that a single wallet cluster controlled nearly 50% of the circulating supply and linked those wallets on-chain to DWF Labs, alleging coordinated market manipulation. The token subsequently crashed over 70% from its all-time high within 24 hours. The SIREN name is also shared by a separate, earlier Ethereum-based DeFi options protocol (Siren Markets) that suffered a $3.5 million reentrancy exploit in September 2021.
Connected Entities
2 entities · 10 linked investigations- + 3 more
Timeline(12 events)
2020-12
Siren Markets options protocol code first published on GitHub.
2021-08-02
Quantstamp completes security audit of Siren Markets V2, flagging two high severity issues; team proceeds with deployment.
2021-09-03
Siren Markets AMM pools exploited via reentrancy attack; approximately $3.5 million in KNC, SUSHI, USDC, WETH, WMATIC, and UNI drained from Polygon pools. 26 LP addresses affected.
2025-02
2026 BNB Chain SIREN AI agent token launched; major wallet cluster begins accumulating supply via PancakeSwap.
2025-06
Second major accumulation phase by suspected controlling wallet cluster.
2026-02
SIREN listed and gains attention as Binance Meme Liquidity Support Plan project.
2026-03-10
SIREN token trading at approximately $0.40 on BNB Chain.
2026-03-14
Persistent negative funding rates observed on Binance and Bybit, indicating short sellers subsidizing leveraged longs.
2026-03-22
SIREN reaches all-time high of $3.65, pushing market cap above $2.2 billion; token ranks in top 40 by market cap.
2026-03-23
Bubblemaps publishes warning that a single cluster controls nearly 50% of SIREN supply (~$1.5B at peak). On-chain analyst Yu Jin reports 52 of top 54 holder addresses belong to one entity. ZachXBT links cluster wallets to DWF Labs.
2026-03-24
SIREN crashes over 70% to below $1.00 within 24 hours. Over $7 million in forced liquidations across Binance ($2.4M) and Bybit ($4.7M). Token falls outside top-80 by market cap.
2026-05
ZachXBT names SIREN alongside RAVE, RIVER, and LAB in broader investigation into Bitget-enabled market maker supply manipulation, accusing Bitget founder Shawn Liu of enabling the scheme.
Decision Log
- hash: qUA6GeMi3XbY2B7JswaJyBmUvj8E3nzN5ccuzLrEj73
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:54 AM
last updated: 5/28/2026, 5:49:55 PM
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