Binance Chain’s $BULLA Token by Hasbulla Raises $7M Amid Pump-and-Dump Concerns

Hasbulla, the viral internet personality, has launched the $BULLA token on Binance’s BNB Chain, raising over $7 million within just six hours. While the project has garnered significant attention, experts are raising red flags due to Hasbulla’s history with failed NFT projects and alleged pump-and-dump schemes. Blockchain analysts have also pointed to suspiciously inflated transaction volumes, adding to the skepticism surrounding the token’s legitimacy.

Hasbulla’s $BULLA Token Raises Millions, Experts Fear Pump-and-Dump Trap

Hasbulla, the viral internet sensation, has launched a cryptocurrency token named $BULLA on the BNB Chain. The project garnered significant attention, amassing over $7 million within six hours. However, skepticism looms large among experts.

Concerns stem from Hasbulla’s association with failed NFT ventures and alleged pump-and-dump schemes. Blockchain analysts suggest inflated transaction volumes, with evidence pointing to self-funded wallet activity designed to simulate organic demand.

The token’s funding mix—primarily BNB with some USD1 stablecoin participation—further fuels doubts about the legitimacy of its market traction. Market watchers caution investors against speculative participation without thorough due diligence.

BNB Holds Steady Near $670 as Maxwell Hardfork Launches on Testnet

BNB trades at $671, marking a slight 0.1% dip over 24 hours but an 11% monthly gain. The coin remains range-bound between $641 and $689, reflecting consolidation amid muted trading volumes.

Derivatives activity shows a 7.97% drop in volume with open interest inching up 0.45% to $806.89 million. The cooling metrics follow weeks of sustained upward momentum.

Market lull coincides with BNB Chain’s Maxwell Hardfork testnet deployment. The upgrade signals continued network development despite sideways price action.