How SIREN Went From AI Memecoin to Boom-and-Bust

$SIREN emerged on $BNB Chain in early 2025 as an AI-themed memecoin centered around two AI personas, Golden Siren and Crimson Siren.

The project promoted itself as an AI assistant capable of analyzing market activity, whale movements, liquidity, and trading signals. Its roadmap also included plans for an AI-powered DEX and trading agent.

The token quickly received ecosystem support. On February 19, $SIREN appeared on Binance Alpha.

$BNB Chain later selected the project as a winner in its Meme Liquidity Program, initially providing $200,000 in liquidity support and later restoring another $400,000 reward after ranking adjustments. Total support reached roughly $600,000.

Binance Futures launched the SIRENUSDT perpetual contract with up to 25x leverage on March 22, 2025. On the same day, HashKey Global opened spot trading for $SIREN/$USDT.

These developments formed the infrastructure around $SIREN. They happened a year before the major rally and were not fresh catalysts during the 2026 surge.

A Quiet Start Turned Into a Vertical Rally

$SIREN spent much of 2025 and early 2026 trading below its eventual peak levels. CoinMarketCap data showed the token closing near $0.0709 on January 1, 2026, giving it a market capitalization of around $51.7 million.

Momentum started building in mid-March. By March 16, $SIREN had already climbed toward $0.80. The token traded between $0.80 and $0.98 during March 20 and March 21 before entering a parabolic move.

On March 22, $SIREN surged from around $0.94 to an all-time high between $3.6 and $3.8, depending on the data provider. Market capitalization moved above $1 billion, while CryptoRank showed a peak valuation near $2.5 billion.

The rally was driven by the AI-agent narrative, $BNB Chain memecoin rotation, and attention around Four. meme, derivatives speculation, short squeezes, and retail FOMO.

Related: Siren ($SIREN) Price Prediction 2026, 2027, 2028, 2029, 2030-2050

Supply Concerns and Liquidations Triggered a Collapse

The reversal came immediately after the peak. On March 23, Bubblemaps reported that one connected wallet cluster controlled more than 50% of the token supply.

Some market participants claimed that 88% to 88.5% of the supply could be linked to a single structure, although those figures remained allegations rather than proven facts. The concentration raised concerns about liquidity and selling pressure.

As prices started falling, leveraged positions accelerated the decline. By March 31, CoinMarketCap AI described a 56% drop over 25 hours caused by long liquidations and derivatives-driven selling.

Within ten days of reaching its peak, $SIREN had lost roughly 91% of its value. Prices dropped back toward the $0.30 area and below. HashKey Global removed the $SIREN/$USDT spot pair on April 5, citing insufficient liquidity and abnormal price deviations.

Related: Why Altcoins Like DASH, $SIREN, SKYAI Are Surging Today

Speculative Rebounds Continued

Despite the collapse, $SIREN remained active. April brought violent rebounds and short squeezes, but no major product developments changed the story.

The market increasingly viewed $SIREN as a highly speculative AI memecoin with supply concentration concerns and strong sensitivity to derivatives activity.

On May 8, $SIREN gained roughly 22% and climbed to around $1.29. Historical data showed prices reaching around $1.38 the following day. The recovery failed to hold. By May 14, the token suffered another major selloff. However, by the end of May, prices had settled around the $0.45 to $0.55 range.

June Brought a Second Pump

The token began moving again at the start of June. CoinGecko data showed $SIREN trading near $0.59 on June 1 and June 3. Prices climbed to around $0.71 on June 4 and $0.74 on June 5 before momentum accelerated.

By June 7, $SIREN traded between $0.85 and $0.91. Market capitalization stood between $620 million and $660 million, placing the token roughly between the top 70 and top 90 assets depending on the tracker.