What happened to $BULLA (Hasbulla meme coin) shocked the entire market.
After peaking near $0.48, $BULLA collapsed straight to around $0.015 — a brutal -96% crash in a very short time. The chart looks like a straight cliff.
📉 The Damage
Top: ~$0.48
Now: ~$0.014–0.015
Drop: ~96% wiped
24h Volume: 16.38B BULLA / $1.09B USDT
Massive sell pressure + liquidation cascade on futures
🧨 Rug or Mega Pump–Dump?
No official proof of LP drain yet
But price action screams classic meme coin trap
Influencer hype → retail FOMO → heavy insider/early exits
Binance Perps + high leverage = forced liquidations → free fall
Community sentiment is clear: “This chart is a crime scene.”
⚠️ Reality Check
This is how most zero-utility meme coins end. Big pumps attract liquidity. Big dumps transfer wealth.
Whether you call it a rug or a coordinated dump — the result is the same: Retail got rekt.
The index is now at 15 — deep into Extreme Fear territory. This level usually appears when panic is high, confidence is low, and markets feel the most painful 😵💫
What does it mean?
Weak hands are selling
Forced liquidations increase
Smart money starts watching closely 👀
Historically, extreme fear = accumulation zone, not euphoria. More volatility and dumps can still happen, but this is where loading phases often begin, not the end of the market.