Hasbulla launches $BULLA token on BNB Chain, raising $7M in hours, but experts suspect insider manipulation and fake hype tactics.

Hasbulla, the viral internet sensation, has launched his crypto token called $BULLA on the BNB Chain. The demand is massive, pulling in over $7 million in under six hours.

Hasbulla, the internet sensation known for his viral videos, has launched his own crypto token called $BULLA on the BNB Chain. In less than six hours, the token saw a huge demand, pulling in over $7 million.

However, despite the impressive figures, experts are raising red flags over the new crypto project. With a past littered with failed NFT projects and shady pump-and-dump tactics linked to him, many are seeing this as another risky bet, especially for new investors.

Past NFT Projects Flopped Miserably

In 2021, Hasbulla dove into the NFT scene, teasing his own collection. He launched batches of 500 NFTs on Ethereum, promising perks like merch discounts, private event invites, and even metaverse access. But the hype quickly fizzled out, and most of them got rugged shortly after.

He later launched another NFT collection in 2023, which met a similar fate. Then, in 2024, he dropped a token named after his cat, Barsik. Over 60% of the token was quickly snatched up by insiders, turning it into a classic pump-and-dump scheme.

Hasbulla kept pushing this token, but looking at the transactions, it seems like his team might be selling off their supply. Many are now concerned that the new token $BULLA may follow a similar path.

Barsik Token Pump-and-Dump Sparks Concerns

Experts add that while a select few might profit from this, the majority of investors could lose money in this unpredictable game.

“They made millions from the $BARSIK rug pull. Most depositor wallets look suspicious as they were fresh wallets, funded through exchanges, and were quickly sent funds to Hasbulla’s account,” said one expert.

As another expert flagged, this just seems like another “retail onboarding event.” While experienced crypto users are likely to stay clear, newcomers should be extra cautious and avoid getting swept up by the hype.