$BULLA
As of February 3, 2026, Bulla Mascot ($BULLA) is the center of a massive storm in the memecoin sector. After reaching a peak market cap of nearly $400 million in late January, the token has experienced a catastrophic "overnight" crash, wiping out over 90% of its value in a matter of days.
The "Hasbulla Legacy" Crisis
The narrative surrounding Bulla has shifted from "official mascot of the bull market" to a cautionary tale about influencer-led liquidity.
The 90% Collapse: On February 1–2, BULLA plummeted from its all-time high of $0.55 to as low as $0.016. This move was largely attributed to a massive "flush" of leveraged long positions and reported "Smart Money" wallets dumping their bags onto retail liquidity.
Trust Issues: Analysts are pointing to the historical track record of its founder, internet personality Hasbulla Magomedov, citing previous projects like BARSIK that followed similar pump-and-dump patterns. Despite the team's "Proof of Trust" move (refunding a 22,000+ BNB presale in 2025), the current price action has revived "rugpull" fears.
Short-Selling Pressure: Following the launch of 50x perpetual contracts on major platforms, the asset became a prime target for aggressive short-selling. Traders have been adding to short positions even at these low levels, betting on a move toward zero.
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