BLESS Token Experiences Significant Price Drop Following Large Sales

On April 25, a new address (0xa6a...1323) received 99 million BLESS tokens from a cross-chain bridge, valued at approximately $654,800 at the time. According to BlockBeats On-chain Detection, the address quickly began selling small amounts of the tokens, causing the price to drop by over 10% in a short period. Previously, on April 16, the Bless project team sold 300 million BLESS tokens, valued at $3.83 million, leading to a 71% price decline. Of these, 200 million tokens were sold on a centralized exchange (CEX), and 100 million were sold on the BSC chain. On April 20, the project team continued to sell, transferring 100 million BLESS tokens, valued at $600,000, from the SOL chain to the BSC chain for sale. To date, they have sold 37.84 million BLESS tokens in exchange for 334 BNB, valued at $210,000.