It's my understanding that bless just populates a pointer-value in the data structure to allow -> semantics to be used against it.
Although you don't say how large each object/hash is, "100k of them" does not sound like a problem unless you have a leak. Look for any point in the code where one object acquires a reference to another. If you need that, "weaken" those references. (Scalar::Util)
Test::Memory::Cycle can also help you look for these problems – it's generally cheap enough that you can salt your code with calls to it and just leave them there.
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