BREAKING: Siren (SIREN) Crashes 20% to $0.29 in Sharp Reversal
Siren (SIREN) experienced a dramatic 20.1% price collapse over the past 24 hours, dropping to $0.289396 as of 10:44 AM UTC on February 28, 2026.
The cryptocurrency’s market capitalization fell by $52.5 million to $212.1 million, representing a 19.8% decline that has pushed SIREN to the #165 position in global market cap rankings.
Sharp Reversal Following Recent Peak
The selloff marks a dramatic reversal for the token, which hit an all-time high of $0.543149 just two days ago on February 26, 2026. SIREN is now trading 46.4% below that peak, erasing nearly half its value in less than 48 hours.
Trading volume surged to $15.25 million during the decline, indicating heightened selling pressure. The 24-hour price range extended from a low of $0.291003 to a high of $0.396334, demonstrating extreme volatility throughout the trading session.
Technical Data
Current metrics show:
- Current price: $0.289396
- 24-hour change: -$0.0727 (-20.1%)
- Market cap: $212.1 million
- 24-hour volume: $15.25 million
- Circulating supply: 728.86 million SIREN
- Total/Max supply: 728.86M / 1 billion SIREN
Short-Term Volatility Amid Long-Term Gains
Despite the recent crash, SIREN remains up significantly on longer timeframes. The token has gained 31.5% over the past seven days and an impressive 221.4% over the past 30 days, suggesting the current correction may be profit-taking following the substantial monthly rally.
The cryptocurrency has surged over 1,000% from its all-time low of $0.0263 recorded on March 11, 2025, nearly one year ago.
Market Context
The selloff comes amid broader cryptocurrency market volatility. With approximately 73% of its maximum supply already in circulation, SIREN has limited inflationary pressure from new token issuance.
Traders are closely monitoring support levels around the $0.29 mark, which previously served as the 24-hour low. A break below this level could trigger additional selling pressure, while a bounce could indicate stabilization following the rapid correction.
This is a developing story and will be updated as more information becomes available.
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