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SIREN price token doubles in 24 hours as traders debate “legit defi or pump?”

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SIREN price token doubles in 24 hours as traders debate “legit defi or pump?”

Siren (SIREN) price has surged 109% in 24 hours to a $1.21B cap, up 9,095% from its low, as traders on X argue over “real DeFi” versus a coordinated pump.

Summary

  • Siren (SIREN) price has jumped 109% in 24 hours, lifting its market cap to about $1.21 billion with $164.5 million in daily volume, according to CoinGecko.
  • The token has now risen roughly 9,095% from its March 2025 all‑time low and is trading near $1.75.
  • The move has sparked heated debate on X over whether SIREN is a real DeFi success story or a coordinated pump.

Siren’s SIREN price has exploded into the top‑60 crypto assets by market capitalization after a 109% single‑day gain, putting the project at the center of one of this week’s most polarizing debates on X. CoinGecko data show SIREN changing hands at about $1.75, with a market cap around $1.21 billion and 24‑hour trading volume of roughly $164.5 million, numbers more commonly associated with established DeFi names than relative newcomers. At current levels, the token is up an eye‑catching 9,095% from its March 2025 all‑time low, prompting some traders to draw comparisons with earlier cycle hyper‑performers that went from obscurity to multi‑billion‑dollar valuations in a matter of months.

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On X, one of the main threads tracking the move has framed the question bluntly: “Is this an actual DeFi protocol gaining traction, or just another coordinated pump?” That split tone captures the mood in trading circles, where some accounts point to rising on‑chain activity around SIREN’s contracts and liquidity pools, while others note that a large share of volume is concentrated on a small number of venues—often a red flag in past episodes of aggressive, short‑term speculation. For now, concrete protocol metrics remain sparse compared to more established DeFi platforms, leaving traders reliant on price, volume and address growth rather than audited revenue or fee data.

SIREN is marketed as a DeFi‑focused token, with community advocates describing it as part of a new wave of permissionless trading and liquidity tools rather than a meme coin or simple governance wrapper. That puts it, at least thematically, in the same broad category as tokens tied to platforms like Uniswap or GMX, where value is supposed to accrue from trading fees, liquidity incentives and protocol usage. But where those projects publish detailed dashboards and historical metrics, the information around SIREN’s underlying economics and roadmap is still patchy, which helps explain why the X debate has tilted so sharply toward the “pump versus traction” framing.

In previous crypto.news coverage of sudden DeFi rallies, similar patterns have emerged: thin float, concentrated holdings and aggressive social media campaigns can combine with low liquidity to produce triple‑digit daily moves, only for prices to retrace once early buyers take profits. Another crypto.news story on whale‑driven breakouts documented how large wallets moving into and out of small‑cap tokens can amplify these swings, especially when retail traders are chasing green candles without clear fundamentals. A separate crypto.news story on market structure highlighted how fragmented liquidity and high funding rates in derivatives can further magnify upside and downside in these episodes.

With SIREN now sitting near $1.75 and a $1.21 billion market cap, the immediate question is whether the token can sustain its top‑60 status or whether it will follow the pattern of past parabolic moves that faded once attention shifted elsewhere. Traders will be watching for signs of organic growth—such as rising unique users, protocol fees and total value locked—rather than just continued spikes in volume and social mentions. If SIREN does evolve into a genuine DeFi protocol with durable usage, this week’s 109% jump could be remembered as the moment it was “discovered.” If not, it risks joining the long list of tokens whose charts tell the story of a spectacular, but ultimately short‑lived, pump.

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Crypto World

Square Rolls Out Auto-Enabled Bitcoin Payments for US Sellers

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Coinbase, Kraken, Square, Lending, Jack Dorsey

Square, the payments platform of Block, has begun rolling out Bitcoin payments at its point-of-sale terminals for eligible US sellers, with the automatic feature going live today as part of a phased rollout over the coming month.

The announcement was shared Monday in a post on X by Miles Suter, Bitcoin product lead at Block, and reposted by CEO and longtime Bitcoiner Jack Dorsey.

Suter said the feature is designed to make it easier for “millions of businesses” to accept Bitcoin, adding that eligible US sellers will have payments automatically enabled and will receive US dollars by default when customers pay in Bitcoin (BTC). Merchants will also have the option to automatically “stack” Bitcoin from daily sales.

He described the move as a step toward using “Bitcoin as everyday money.” Bitcoin payment acceptance is expected to be available to all Square merchants by Nov. 10.

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Coinbase, Kraken, Square, Lending, Jack Dorsey
Source: Miles Suter

In a separate post, Square said transactions will convert instantly to cash at checkout, require no additional setup, and offer near-instant settlement. The company added that merchants do not need to hold Bitcoin and that the feature will carry zero processing fees through 2026.

According to Square’s website, the feature is currently available to US sellers that meet verification requirements, excluding businesses based in New York.

The rollout, which could lower barriers to Bitcoin payments by removing volatility and custody risk for millions of merchants, was first outlined by Block in May.

According to BitcoinTreasuries.net data, Block ranks as the 14th-largest publicly traded holder of Bitcoin, with 8,883 BTC on its balance sheet at an average cost of $32,939 per coin.

Source: BitcoinTreasuries.NET

Related: Strategy pushes pause button on Bitcoin purchases, stock sales

Bitcoin-backed lending grows across crypto and traditional finance

Beyond payments and its role as a store of value, Bitcoin is increasingly being used in lending and broader financial infrastructure.

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In January, Nexo launched a zero-interest lending product allowing Bitcoin and Ether (ETH) holders to borrow against their assets through fixed-term loans with predefined repayment conditions.

The offering builds on a structured model previously limited to its private and OTC channels, which facilitated more than $140 million in borrowing in 2025, according to the company.

The same month, Coinbase reintroduced Bitcoin-backed loans in the United States, enabling users to borrow up to $100,000 in USDC against BTC held on the platform, and in February, Kraken followed with fixed-rate crypto loans for Pro users, offering borrowing against digital assets at rates of 10%–25% APR for terms of up to two years.

https://www.youtube.com/watch?v=KlFRKMMpdmk

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Traditional finance is also beginning to incorporate Bitcoin and crypto-backed credit. US mortgage lender Rate recently launched a program allowing borrowers to use verified cryptocurrency holdings to meet mortgage underwriting requirements without liquidating their assets.

Last week, Coinbase and Better Home & Finance introduced a structure that lets borrowers pledge crypto as collateral for loans used to fund down payments on Fannie Mae–compliant mortgages.

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