The recent surge of SIREN has been hard to ignore. In less than a month, the token climbed from a $160 million valuation to an eye-catching $2 billion market cap. Moves like this usually draw excitement, but in this case, they’re also raising a few eyebrows. At first glance, it looks like a classic breakout story. But a closer look at the data suggests something more structured may be happening behind the scenes. As SIREN trends across the market, conversations are beginning to shift from hype to how exactly this growth is being driven. $SIREN hit a market cap of
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