BREAKING: Siren (SIREN) has experienced a catastrophic 69.3% price collapse in the past 24 hours, plunging from $1.74 to $0.520882 as of April 1, 2026, according to real-time market data.
Massive Market Cap Evaporation
The dramatic selloff has erased $846 million from Siren’s market capitalization, which now stands at $387 million. The token currently holds the #111 position by market cap, with a fully diluted valuation matching its current market cap at approximately $387 million.
Trading volume has surged to $125.5 million in the past 24 hours, indicating intense selling pressure and high market activity during the crash. The token hit an intraday low of $0.523276, barely above current levels, suggesting continued downward pressure.
Short-Term Price Action Severe
The hourly timeframe reveals the severity of the collapse, with SIREN down 21.4% in just the past hour alone. The 7-day chart shows a 49% decline, indicating the selloff accelerated dramatically in recent hours after a week of declining prices.
Siren is trading 84.3% below its all-time high of $3.61, reached on March 22, 2026—just 10 days ago. The rapid reversal from recent highs has caught many traders off-guard.
Circulating Supply and Technical Levels
With 728.2 million SIREN tokens in circulation out of a maximum supply of 1 billion, approximately 73% of total tokens are currently in the market. The token remains significantly above its all-time low of $0.0263 set in March 2025, showing a 2,047% gain from that bottom despite today’s crash.
30-Day Context
Notably, despite the severe 24-hour decline, Siren remains up 106% over the past 30 days, suggesting the token had experienced a significant rally before today’s collapse. This context indicates potential profit-taking or a major market event triggering the sudden reversal.
Market analysts are monitoring for potential stabilization levels, though the absence of official statements from the Siren team leaves traders uncertain about the cause of the dramatic price movement. The situation remains highly volatile as of publication.
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About the Author: Ananya Melhotra
