The Bless project team sold 300 million BLESS tokens, causing the token price to drop by 55%.

CoinFeed reported on April 16th that, according to on-chain analyst Yu Jin, the Bless project team (@theblessnetwork) sold off BLESS tokens, causing BLESS to drop by 55%. In the past nine hours, two Bless project team addresses (Solana chain) transferred out 300 million BLESS tokens ($3.83 million). Of these, 200 million ($2.15 million) were directly transferred to the Bitget exchange, and 50 million ($500,000) were transferred across chains to BSC and are currently being sold off.