BLESS team liquidates 400 million tokens causing 71 percent price collapse

The BLESS project team executed a 400 million token sale worth 4.43 million USD, triggering a 71 percent price crash. Subsequent transfers to Bitget and BSC exchanges intensified selling pressure, signaling severe liquidity risks for holders.

Monitored by Woofun AI, the BLESS project team (@theblessnetwork) initiated a massive liquidation event involving 300 million BLESS tokens valued at 3.83 million USD. This initial wave saw 200 million tokens routed to Bitget while 100 million were offloaded directly on the BSC chain, an action that precipitated a 71 percent decline in token price. Approximately four hours later, the team compounded the market shock by moving another 100 million BLESS from the Solana chain to BSC for immediate sale, representing an additional 600,000 USD in volume. Current data indicates that 37.84 million BLESS have already been exchanged for 334 BNB, totaling roughly 210,000 USD, as the cumulative sell-off continues to destabilize the asset's valuation.