Bless Network: Team Dumps $509K in Tokens | Flash News Detail | Blockchain.News
Latest Update
4/26/2026 4:01:00 AM

Bless Network: Team Dumps $509K in Tokens

Bless Network: Team Dumps $509K in Tokens

Bless Network team sells 500M BLESS tokens worth $509K post-surge, crossing from Solana to BSC for liquidation amid bearish trends.

Source
...

The Bless Network team, behind the decentralized edge computing project launched in 2025, keeps unloading tokens. Today, they bridged another 100M $BLESS ($66K) from Solana to BSC and sold them, adding to a total dump of 500M $BLESS ($509K) since the token's spike ten days ago. Breakdown shows 200M funneled into Bitget for sales and 300M offloaded directly on BSC. This mirrors patterns in other Solana and BSC projects where teams dump holdings, eroding investor confidence in decentralized computing plays like those rivaling TAO in AI infrastructure.

From a technical confluence standpoint, $BLESS trades at $0.01 in a bearish structure where both EMA50 and EMA200 converge at $0.01, acting as immediate resistance caps. MACD flashes a bullish golden cross at -0.0, hinting at potential short-term upside, but RSI at 50.87 stays neutral, suggesting no strong momentum shift yet. Price hugs the middle of Bollinger Bands with upper resistance and lower support both pinned at $0.01, signaling compressed volatility that could precede a breakout—watch for confluence at these levels to dictate if sellers maintain control or buyers step in, especially with BLESS price prediction models eyeing crypto market crash risks and AI industry impact from similar token dumps.


余烬

@EmberCN

Analyst about On-chain Analysis