Bless Team Moves 99 Million Tokens Triggering 10 Percent Price Drop

Arkham Data reveals a new wallet received 99 million BLESS via bridge, triggering rapid sales and a 10% price drop. This follows prior dumps totaling 37.84 million tokens, raising concerns over team distribution patterns.

Monitored by Woofun AI, Arkham Data shows a newly created address received 99 million BLESS tokens from a cross-chain bridge, valued at approximately $654,800. The wallet immediately initiated rapid micro-sales, driving the token price down by more than 10% temporarily.

This event marks the third consecutive selling wave by the Bless team. On the 16th, the team offloaded 300 million BLESS worth $3.83 million, causing a 71% crash, with 200 million sent to Bitget and 100 million on the BSC chain. Subsequently, on the 20th, another 100 million BLESS were moved from SOL to BSC, resulting in the sale of 37.84 million tokens for 334 BNB ($210,000).