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🚨 900 million tokens sold in 9 hours! BLESS suddenly faces massive selling pressure, and the price halves instantly
On-chain data shows that a suspected Bless project-related address has continuously transferred out about 300 million BLESS tokens over the past 9 hours, worth approximately $3.83 million, putting immediate market pressure.
The fund flow mainly consists of two parts:
📉 About 200 million BLESS (around $2.15 million) transferred into an exchange
📉 About 50 million BLESS (around $500k) bridged to BSC and started selling
Currently, about 10 million BLESS tokens have been sold, earning roughly 125k USDT.
Under this concentrated selling pressure, BLESS price once plummeted over 55%, and market sentiment quickly cooled.
💡 My observation:
In the crypto market, what truly influences prices is often not news, but the flow direction of chips.
When project teams or large addresses suddenly transfer large amounts of tokens to exchanges, the market often perceives the selling pressure in advance, triggering a chain reaction of decline.
This is also why seasoned traders pay special attention to two things:
• On-chain transfers of large addresses
• Changes in token flow to exchanges
These signals often reveal market sentiment earlier than candlestick charts.
🌱 A message for all investors:
In the crypto world,
opportunities and risks always coexist.
Only those who understand the fund flow can protect themselves amid volatility.
Quick profits are not the measure of skill; surviving long is the real winner. 🚀