Hasbulla’s $Bulla Token grows millions, and experts fear pump and dump traps

The virus’s internet sense Hasbulla has launched his crypto token called $Bulla on the BNB chain. Demand is huge, attracting over $7 million in less than six hours. But while the numbers sound impressive, experts are waving red flags.

With the failed NFT project and the history of shady pump and dump tactics linked to him, many believe this could be another dangerous bet.

The tokens are primarily BNB, with some raising huge amounts of Trump-backed stubcoins called USD1, but experts believe much of the money is not real. Blockchain detectives have revealed that the majority of the funds were likely to have been stimulated by the project itself using their own wallets to create fake hype.

Experts say that while a few may benefit, most investors could end up losing money in this unpredictable game.

Barsik Token Pump and Dump Spark Concerns

In 2021, Hasbra jumped into the NFT scene and teased his collection. He launched a batch of 500 NFTs at Ethereum, promising product discounts, private events and even metaverse access. However, the hype faded, and most of them were quick to be sturdy.

In 2023, he launched another NFT collection, and this was no exception. Then, in 2024, he released a token named after the cat Balchic. Over 60% of that was quickly grabbed by insiders and turned into a typical pump and dump scheme.

He kept pushing this token, but the transaction shows that his team may be selling their supply. Many people are worried that the new Token$Bulla could end in the same way.

Retail Investors – Stay cautiously

They made millions from $barsik ragpur. Most depositors’ wallets look suspicious as they are fresh wallets, funded through exchanges and immediately sent to Hasbra’s accounts.

As flagged by experts, this looks like another “retail onboarding event.” Experienced crypto users may not leave, but newcomers should be particularly careful and avoid getting caught up in the hype.