Hasbulla, the viral web sensation, has launched his crypto token known as $BULLA on the BNB Chain. The demand is very large, pulling in over $7 million in beneath six hours. However whereas the numbers sound spectacular, consultants are waving pink flags.
With a historical past of failed NFT tasks and shady pump-and-dump techniques linked to him, many imagine this could possibly be one other dangerous guess.
Though the token raised an enormous quantity, principally in BNB and a few in a Trump-backed stablecoin known as USD1, consultants imagine a lot of the cash isn’t actual. A blockchain detective revealed that a big portion of the funds was possible pumped up by the mission itself utilizing their very own wallets to create faux hype.
Hasbulla already raised 7.2M in lower than 6 hours for his new presale $BULLA
• 6.93M in BNB
• 363k in USD1 (the trump backed stablecoin)They’re faking an even bigger demand 🧵 pic.twitter.com/MbfNPvK2sJ
— dethective (@dethective) Might 26, 2025
Specialists say that whereas just a few would possibly revenue, most traders might find yourself dropping cash on this unpredictable recreation.
Barsik Token Pump-and-Dump Sparks Issues
In 2021, Hasbulla jumped into the NFT scene and teased his assortment. He launched batches of 500 NFTs on Ethereum and promised issues like merch reductions, personal occasions, and even metaverse entry. Nonetheless, the hype light, and most of them had been rugged quickly after.
Hasbulla is launching a token on BNB
His presale raised $5,000,000 in beneath 2 hours.
Right here’s why you MUST keep distant from $BULLA 🧵
(1/10) pic.twitter.com/LifqOnguZs
— StarPlatinum (@StarPlatinumSOL) Might 26, 2025
In 2023, he launched one other NFT assortment, which was no completely different. Then in 2024, he launched a token named after his cat, Barsik. Over 60% of it was shortly grabbed by insiders, and it changed into a typical pump-and-dump scheme.
He stored pushing this token, however transactions present that his staff may be promoting off their provide. Many at the moment are nervous that the brand new token $BULLA might finish the identical manner.
Retail Buyers – Keep Cautious
They made tens of millions from the $BARSIK rug pull. Most depositor wallets look suspicious as they had been recent wallets, funded by means of exchanges, and had been shortly despatched funds to Hasbulla’s account.
As flagged by consultants, this simply seems to be like one other “retail onboarding occasion.”. Whereas skilled crypto customers might keep away, newcomers ought to be additional cautious and keep away from getting caught up within the hype.
