Event:
The $BULLA memecoin plummeted 32% in one day, and its capitalization dropped to $16 million. This type of decline sent shivers down the spines of the investors, especially those who believed in the project's long-term future. The cause of the significant drop in price must be examined closely.
Dump Analysis:
The main reason for the dump was the token's irrelevance and, most probably, the developers' draining of funds. These memecoins typically are based on the hype around media personalities, and when the audience's interest goes down, the team can lock profits. In the example of $BULLA, just that took place - big (owner) sellers began selling coins in gigantic lots, which led to a dump.
$BULLA Team:
The $BULLA token is a Hasbulla project, but, unlike most of its ilk, likely created so that they could quickly flip the audience. These teams are not concerned with long-term development — they want to make money off the hype. Therefore, it would be foolish to expect unified efforts to build the $BULLA ecosystem.
Future analytics:
After reviewing all the resources a second time, our team believes that the token will experience a gradual decline. Without support from the creators and new ideas, the project quickly loses the attention of the community. Unless nothing is being actively worked upon by the team ( which is unlikely ), the price will continue to decline and investors will realize their losses.
Conclusion:
$BULLA is a common memecoin with a short life. Once it reaches the dizzying peak and subsequent dump, the project loses credibility, and its future becomes doubtful. Such instruments should be treated with care by investors since their price depends exclusively on hype, and not on real usability. For more information about the token, you may read its contract - 0x595E21b20E78674F8a64C1566A20b2b316Bc3511
We monitor the situation with $BULLA.
This article is not investment advice!
