Cryptocurrency token Siren (SIREN) has experienced a sharp downturn, plummeting 25.94% to $0.347347 in the past 24 hours, according to market data updated at 08:21 UTC on February 27, 2026.
The decline is particularly striking given that Siren reached its all-time high of $0.543149 just yesterday, February 26, 2026. The token has now fallen 35.23% from that peak, erasing significant gains in less than 48 hours.
Market Impact and Trading Activity
The sell-off has resulted in substantial market cap erosion, with Siren’s valuation dropping by nearly $69 million in 24 hours—a 21.36% decrease. The current market cap stands at $253.9 million, placing SIREN at rank #150 among all cryptocurrencies.
Trading volume has surged to $42.06 million, indicating heightened market activity as investors react to the price movement. The 24-hour trading range has been volatile, with prices swinging between a low of $0.294298 and the previous high of $0.543149.
Recent Price Performance
Despite today’s sharp decline, Siren maintains impressive gains over longer timeframes:
- 7-day performance: +59.50%
- 30-day performance: +296.55%
- Year-to-date gains: Over 1,200% from March 2025 all-time low of $0.0263
The token showed weakness in the past hour as well, declining an additional 2.33%, suggesting continued selling pressure in the immediate term.
Supply Metrics
Siren’s circulating supply stands at 728.86 million tokens, matching its total supply, with a maximum supply cap of 1 billion tokens. The fully diluted valuation mirrors the current market cap at $253.9 million.
Market analysts note that parabolic rallies like Siren’s recent 296% monthly surge often experience sharp corrections as early investors take profits. The question now facing traders is whether this represents a healthy consolidation within an ongoing uptrend or the beginning of a deeper retracement.
Investors should monitor key support levels around $0.29-$0.30, which marked today’s 24-hour low, for signs of price stabilization.
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About the Author: Ananya Melhotra
