Bless Project: Dumps Tokens on BSC
Bless team sells 56.76M BLESS on BSC for $258K after Solana cross-chain transfer, amid 300M token move including Bitget deposit.
SourceThe Bless project team ramped up selling pressure, crossing another 50 million BLESS tokens worth $590K from Solana to BSC just 40 minutes ago, then dumping them on-chain. They've already offloaded 56.76 million BLESS on BSC for 228K USDT plus 416.4 BNB, totaling $258K. This follows an earlier transfer of 300 million BLESS today, with 200 million funneled into Bitget and the remaining 100 million actively sold on BSC. Whispers of rug pull allegations have haunted the Bless token project over the past year, echoing patterns in cross-chain token transfers from Solana to BSC for rapid dumping, much like we've seen in volatile meme coin plays. This move hits amid broader crypto market crash signals, potentially influencing BLESS price prediction as liquidity drains, while trending assets like Bitcoin (BTC) hold steady above key supports.
From a technical confluence standpoint, BLESS trades at $0.01 in a bearish structure where the EMA50 and EMA200 both hover at $0.01, acting as immediate resistance caps that price can't breach without fresh buying momentum. The RSI(14) sits neutral at 46.48, signaling no extreme exhaustion yet, but the MACD(12,26) death cross at -0.0 confirms downside conviction, pointing to sustained seller control. Volatility remains contained inside the Bollinger Bands, with upper resistance at $0.03 capping any fleeting bounces and lower support at $0.0 looming as a potential breakdown target—expect a grind lower unless volume spikes reverse this macro setup, mirroring the cross-chain dumping tactics we've dissected in proprietary desks.
余烬
@EmberCNAnalyst about On-chain Analysis