BLESS (BLESS) 24-Hour Volatility Reaches 62.9%: Project Team Sells 300M Tokens, Causing Price Plunge
Bitget Pulse2026/04/16 22:03Volatility Overview
In the past 24 hours, the price of BLESS rebounded from a low of $0.0088322 to a high of $0.0143876, currently quoted at $0.0108992, with a dramatic fluctuation amplitude of 62.9%. The 24-hour trading volume is approximately $66.81 million, with a net DEX inflow of about 3K BLESS (outflow of 3.53K), indicating limited overall net capital inflow.
Brief Analysis of the Cause of Anomalies
- Large-scale sell-off by the project team: On-chain data shows that wallets associated with the BLESS project team transferred approximately 300 million BLESS (worth around $3.83 million) in the past 24 hours, including 200 million deposited to the Bitget exchange, and 50 million bridged to BSC and sold on DEXs, directly causing the price to plummet 55% within 9 hours.
- High trading volume magnifies volatility: 24-hour trading volume surged to $45 million - $100 million, putting the volume/market cap ratio above 127%, intensifying price swings in a low-liquidity environment.
Market Opinions and Outlook
Mainstream market sentiment has turned negative, with both the community and news outlets accusing the team of "rug pull" behavior; price alert posts on X platform are frequent with no positive catalysts. Analysts highlight high risk, suggesting short-term downward pressure may persist, and warn of further sell-offs and liquidity exhaustion.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, and is provided for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP Price Prediction: Ripple CEO Drops 4 Catalysts—Can XRP Clear $1.35?
Inflation Surges as the Fed Faces a Tough Choice: Are These 4 Altcoins Worth Buying Now?
Vertiv, the leader in AI liquid cooling, reports Q3 revenue up 61% year-on-year, orders increase over 100%, pre-market surge over 15% | Financial Report Insights
Vertiv's net sales for the third quarter reached $4.313 billion, up 61% year-on-year, with adjusted earnings per share at $2.21, up 78% year-on-year, both far exceeding expectations. Organic orders grew over 100% year-on-year, indicating strong momentum is likely to continue. The company has comprehensively raised its full-year guidance, with a midpoint net sales target of $14.65 billion and midpoint earnings per share of $7.15. Premarket share price surged over 15% at one point.
Crypto prices
More
