March 23, 2026 – Siren (SIREN) has experienced a severe price correction, plunging 20.1% to $2.30 in the past 24 hours, just one day after the token reached its all-time high of $3.61.
The dramatic selloff has erased $248.3 million from Siren’s market capitalization, which now stands at $1.69 billion. The token currently ranks #48 by market cap across all cryptocurrencies.
Key Price Metrics
Siren hit its all-time high of $3.61 on March 22, 2026, at 17:26 UTC. The subsequent collapse represents a 34.5% decline from that peak in less than 24 hours. The token touched an intraday low of $1.79 before recovering slightly to its current $2.30 level.
Trading volume has surged to $118.1 million as investors react to the sharp price movement, indicating significant market activity during the downturn.
Recent Performance Context
Despite today’s steep decline, Siren remains significantly higher than price levels from earlier periods. The token has gained 307.5% over the past seven days and an extraordinary 942.6% over the past 30 days, suggesting the current correction may represent profit-taking after an extended rally.
The token has surged 8,857% from its all-time low of $0.0263 recorded on March 11, 2025, demonstrating the volatile trajectory that has characterized its trading history.
Market Structure
Siren currently has 728.2 million tokens in circulation out of a maximum supply of 1 billion tokens. The fully diluted valuation matches the current market cap at $1.69 billion, as the circulating supply represents approximately 73% of the maximum supply.
Short-Term Outlook
The token has declined 3.4% in the past hour alone, suggesting selling pressure remains intense. Market participants should monitor whether the $1.79 intraday low holds as support or if further downside is possible.
The extreme volatility highlights the risks associated with rapidly appreciating crypto assets, where sharp corrections often follow parabolic price increases. Traders should exercise caution and implement appropriate risk management strategies.
Last updated: March 23, 2026, 17:22 UTC
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About the Author: Ananya Melhotra
