BULLA surged nearly 50% since Thursday, but many prominent community members think Hasbulla is running another rug pull scam. Despite concerning trends, BULLA has become one of the top gainers in the BNB ecosystem this week.

Most blockchain analysts wrote off this meme coin as a scam due to the influencer’s shady history. However, a Binance Alpha listing has helped the token gain some legitimacy.

Hasbulla and BULLA Explained

Hasbulla, a Russian crypto influencer, has a long track record of launching meme coins, most of which ended in scam allegations.

Therefore, when he first began a presale for the new BULLA token, the community was very skeptical of a rug pull. Hasbulla’s BULLA token has been trading for most of the last month, yet everything remains ambiguous.

To be clear, the asset’s whole history has been punctuated by massive drops. When Hasbulla launched BULLA on June 8, it had a $100 million market cap. Five days later, $70 million evaporated.

For the most part, BULLA exhibited a constant downward trend, but a few events kept bumping it back up.

On June 22, Binance Alpha announced that it was featuring Has