BREAKING: Siren (SIREN) Crashes 21.9% to $1.32 in Market Selloff
Siren (SIREN) has plunged 21.9% to $1.32 in the past 24 hours, marking one of the most significant declines among top 100 cryptocurrencies by market cap. The sharp selloff has wiped $307 million from the token’s market capitalization, which now stands at $925.6 million.
The token hit an intraday low of $1.27 after trading as high as $1.81 earlier in the day, representing a 29.8% drop from today’s peak. Selling pressure has accelerated in recent hours, with SIREN down 20.5% in just the past 60 minutes.
Market Impact and Trading Volume
Trading volume for SIREN reached $24.2 million over the past 24 hours as investors rushed to exit positions. The token currently ranks #69 by market capitalization with 728.2 million tokens in circulation out of a maximum supply of 1 billion.
The decline represents a sharp reversal from SIREN’s recent performance. Despite today’s crash, the token remains up 428.6% over the past 30 days and 27.7% over the past week, suggesting the selloff may be profit-taking after a strong rally.
Distance from All-Time High Widens
SIREN is now trading 62.8% below its all-time high of $3.61, which was reached on March 22, 2026, just nine days ago. The rapid decline from recent highs indicates heightened volatility and potential loss of momentum following the token’s impressive March rally.
However, the token has still delivered exceptional returns for early investors, trading 4,984% above its all-time low of $0.026 set on March 11, 2025, approximately one year ago.
What’s Next for SIREN?
The sharp 24-hour decline comes amid broader cryptocurrency market volatility. With no official statement from the Siren protocol team regarding the price movement, market participants are closely monitoring support levels around $1.27, today’s low.
The token’s fully diluted valuation matches its current market cap at $925.6 million, indicating all 728.2 million circulating tokens represent 72.8% of the maximum supply. An additional 271.8 million tokens could potentially enter circulation, which may factor into investor calculations.
Technical analysts will be watching whether SIREN can hold above the $1.30 level or if further downside pressure could push the token toward psychological support at $1.00.
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