- ARIA jumps 45% to ATH, triggering widespread short liquidations across derivatives markets.
- Forced buybacks from liquidated shorts add momentum, raising a potential short squeeze scenario.
- Concentrated token supply and DWF-linked activity draw increased on-chain scrutiny.
AriaAI’s native token, ARIA, rallied over the past 24 hours, climbing more than 45% to a new all-time high, triggering a wave of short liquidations across derivatives markets. The move coincided with heightened trading activity and renewed attention on token supply dynamics, as traders pointed to conditions that may support a broader short squeeze.
According to CoinMarketCap data, ARIA reached an ATH of $0.7794, with daily trading volume at $35.6 million, while its market capitalization rose to approximately $238.9 million, placing it at rank #215.
Market data showed that the upward move forced a large number of short positions to close. Traders who had positioned against ARIA were required to repurchase the asset as prices rose, further adding to upward pressure.
Supply Concentration and On-Chain Signals
At the same time, attention shifted to supply distribution and trading patterns associated with entities linked to DWF Labs. Social media posts claimed that a large portion of ARIA’s circulating supply is concentrated among market makers and affiliated wallets, raising scrutiny around liquidity dynamics during the rally.
Additional onchain observations provided a broader context across related tokens. Blockchain investigator ZachXBT reported identifying address clusters tied to a large share of the supply in another token, SIREN, noting connections to multiple lesser-known assets with similar trading activity. According to the data, one cluster accounted for approximately 48.5% of SIREN’s total supply and withdrew hundreds of millions of tokens from a vesting platform over a short period.
Separate updates indicated that SIREN itself experienced a price increase of more than 120% to $2.07, bringing its market capitalization to about $1.5 billion. Onchain data showed that the same cluster held positions valued at roughly $1 billion, with year-to-date unrealized gains exceeding $950 million.
Related: Is SIREN a Textbook Supply Squeeze? 340% Rally Raises Questions
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