NewsHasbulla’s $BULLA Token Raises Millions, Experts Fear Pump-and-Dump Trap
Nidhi Kolhapur27 May 20252 min read
Hasbulla, the viral internet sensation, has launched his crypto token called $BULLA on the BNB Chain. The demand is massive, pulling in over $7 million in under six hours. But while the numbers sound impressive, experts are waving red flags.
With a history of failed NFT projects and shady pump-and-dump tactics linked to him, many believe this could be another risky bet.
Even though the token raised a huge amount, mostly in BNB and some in a Trump-backed stablecoin called USD1, experts believe much of the money isn’t real. A blockchain detective revealed that a large portion of the funds was likely pumped up by the project itself using their own wallets to create fake hype.
Experts say that while a few might profit, most investors could end up losing money in this unpredictable game.
Barsik Token Pump-and-Dump Sparks Concerns
In 2021, Hasbulla jumped into the NFT scene and teased his collection. He launched batches of 500 NFTs on Ethereum and promised things like merch discounts, private events, and even metaverse access. However, the hype faded, and most of them were rugged soon after.
In 2023, he launched another NFT collection, which was no different. Then in 2024, he released a token named after his cat, Barsik. Over 60% of it was quickly grabbed by insiders, and it turned into a typical pump-and-dump scheme.
He kept pushing this token, but transactions show that his team might be selling off their supply. Many are now worried that the new token $BULLA may end the same way.
Retail Investors – Stay Cautious
They made millions from the $BARSIK rug pull. Most depositor wallets look suspicious as they were fresh wallets, funded through exchanges, and were quickly sent funds to Hasbulla’s account.
As flagged by experts, this just looks like another “retail onboarding event.”. While experienced crypto users may stay away, newcomers should be extra careful and avoid getting caught up in the hype.
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FAQs
- $BULLA is a new crypto token launched by Hasbulla on the BNB Chain, reportedly raising over $7 million quickly, though experts question its legitimacy.
