Recently, BLESS has experienced a sharp surge in daily trading volume and a cliff-like price drop due to concentrated sell-offs by the project team, leading to significantly weakened short-term sentiment. The main selling pressure, coupled with automatic stop losses, has created a downward momentum. Currently, $0.008 serves as a key support level—if it fails to hold, the probability of the price dropping to $0.007 or lower increases; if a technical rebound occurs, resistance lies in the $0.011–$0.012 range. At this stage, the market lacks new fundamental catalysts, so any rebound in price is likely to be limited in space and duration. It is advised to adopt a light, short-term trading strategy, closely monitor further movements by the project team and large addresses, and guard against liquidity shocks and sudden risks.

Recently, the project team transferred 300 million tokens in batches within just a few hours, directing them to multiple exchanges and cross-chain channels, sparking a massive sell-off. On-chain data shows that 20 million tokens were sent directly to centralized exchanges for selling, while 50 million were bridged to BSC and gradually sold. This action caused the BLESS price to plummet by 55% from around $0.02 within 9 hours, with multiple long upper shadow bearish candles forming on the daily chart. The heavy sell-off at higher levels triggered extensive profit-taking and follow-up stop losses, resulting in a significant spike in trading volume. Such active selling further tightened short-term liquidity.

Bless project team sold 300 million BLESS tokens, causing the token price to drop by 55%. In the past 9 hours, two Bless project addresses on the Solana chain transferred 300 million BLESS tokens worth $3.83 million. Of these, 200 million tokens ($2.15 million) were sent directly to the Bitget exchange, and 50 million tokens ($500,000) were cross-chained to BSC for ongoing sales.

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

The Bless project team sold 300 million BLESS tokens in 9 hours, worth about $3.83 million. Of these, 200 million tokens valued at $2.15 million were transferred to Bitget, while 50 million tokens worth $500,000 were bridged to the BSC chain and are currently being sold.

The Bless project team sold 300 million BLESS tokens in 9 hours, worth approximately $3.83 million.

Bless project transferred an additional 50 million BLESS tokens (about $590,000) from Solana to BNB Chain, following a previous transfer of 300 million BLESS. They have been continuously selling on BSC, having sold 56.76 million BLESS for approximately 22,800 USDT and 416.4 BNB (totaling about $258,000). Of the earlier 300 million BLESS, 200 million were sent to Bitget, with the remaining 100 million being sold in batches via BSC addresses.

The Bless project team will cross-chain an additional 50 million BLESS tokens from Solana to BNB Chain.

Following the spot sell-off, a Chinese decentralized platform launched BLESS/USDT perpetual contracts with up to 20x leverage on April 15. The contract introduction brought notable trading fervor on the first day, with rapid funds inflow and outflow pushing the price as high as $0.02968—an abnormal spike. Leverage amplified the market contest, resulting in liquidations and hedging between longs and shorts, which led to a classic pattern of 'volume-driven surge—forced liquidation—rapid fallback.' While this wave of volatility fueled by derivatives briefly revived market activity, it failed to reverse the downward momentum caused by the project team's selling.

On April 15, the Chinese decentralized contract trading platform Sun Wukong launched the BLESS/USDT perpetual contract, offering a maximum leverage of 20x.

Decentralized contract trading platform Sun Wukong launches BLESS perpetual contract.

On the daily chart, BLESS has fallen continuously since the April 13 high, with the price now approaching the multi-point support around $0.008. Trading volume has continued to expand during the decline, indicating clearly weak short-term sentiment. If the $0.008 support level holds, an oversold technical rebound is possible, with initial resistance in the $0.011–$0.012 range; if it breaks, the price may test previous lows at $0.007 or even lower. From a medium to long-term perspective, there is a lack of substantial fundamental catalysts, so most market participants remain focused on short-term trading. It is crucial to closely watch the project's further moves and the behavior of large holders.

Bless

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Bless Price: BLESS Live Price Today | BLESS Market Cap & Chart Analysis | Bybit-eu

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BLESS price today is 0.01, with a live price change of -21.11 in the last 24 hours. Convert, buy, sell and trade BLESS on Bybit-eu.

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