New transaction details indicate large BLESS sales by the project team, with transfers to Bitget and BSC-linked selling adding context to the token’s steep collapse.
New on-chain details indicate the BLESS project team sold 300 million BLESS worth $3.83 million, triggering a 71% price drop. Of that total, 200 million BLESS was transferred to Bitget and 100 million was sold on BSC. About four hours later, another 100 million BLESS worth roughly $600,000 was bridged from Sol to BSC and sold. These developments add transaction-specific context to the earlier collapse that saw the token fall to $1.15 from a $27.33 peak, wiping out more than $5 billion in market capitalization as investigations involving Binance and Bitget advanced.