Bless Project Team Continues Selling $BLESS Tokens on BSC Chain
The Bless project team transferred and sold 100 million $BLESS tokens worth $660,000 from the Solana chain to the Binance Smart Chain today. Since a price surge in $BLESS about ten days ago, the team has sold a total of 500 million tokens valued at $5.09 million. This includes 200 million tokens sold via Bitget and 300 million sold on the BSC chain.
Illustration: Substrate (Quartr-Edge style, Grok)The tokens were valued at $660,000 at the time of the transaction. This action follows a pattern of sales since a price increase in $BLESS approximately ten days ago.
Since the price surge, the project team's address has sold a cumulative 500 million $BLESS tokens, amounting to $5.09 million. Of this total, 200 million tokens were transferred to the Bitget exchange for sale.
Today's transaction is part of this ongoing activity. The source did not provide further details on the address or additional context for the sales.
Key Facts
Story Timeline
3 events- Today
Bless project team transferred and sold 100 million $BLESS tokens from Solana to BSC chain.
1 source@EmberCN - Since ten days ago
Bless project team has sold a total of 500 million $BLESS tokens following a price surge.
1 source@EmberCN - Approximately ten days ago
$BLESS token experienced a price surge.
1 source@EmberCN
Potential Impact
- 01
The ongoing sales could lead to downward pressure on $BLESS token prices.
- 02
Investor confidence in the Bless project may decrease due to repeated token sales by the team.
- 03
Increased liquidity on BSC chain might result from the cross-chain transfers.
- 04
Trading volume on Bitget could rise from the transferred tokens.
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