On-chain analyst Ember reported that BULLA was listed on Binance Alpha about an hour ago and briefly reached a market capitalization of $50 million. One wallet bought 19.1 million BULLA for $121 on the day the token launched, when its market cap stood at $6,340. The position later rose to $311,000, equal to a paper gain of 2,527x.
The wallet bought BULLA on the 13th and sold 14.1 million tokens in stages between the 15th and 16th, during a period when the token’s market cap ranged from $1 million to $20 million. Those sales generated a profit of $127,000. The address still holds 5 million BULLA, currently valued at $186,000.
BULLA also carries a 1% trading tax on buys and sells, with the proceeds distributed to holders in the form of QQQB tokens. The same address holds about $6,000 worth of QQQB, equivalent to 50x its original principal, according to Ember’s monitoring.
Odaily reported, citing on-chain analyst Ember, that BULLA was listed on Binance Alpha about an hour ago and reached a peak market capitalization of $50 million.
According to Ember’s monitoring, one address bought 19.1 million BULLA for $121 on the day the token launched, when BULLA’s market cap was $6,340. That initial $121 position later rose to $311,000, marking a 2,527x gain.
The address bought BULLA on the 13th, then sold 14.1 million tokens in batches between the 15th and 16th, when the token’s market capitalization was between $1 million and $20 million. Those sales produced a profit of $127,000. The address still holds 5 million BULLA worth $186,000.
BULLA charges a 1% tax on both buys and sells, and the tax is distributed to holders in QQQB tokens. The address’s QQQB holdings are worth about $6,000, equal to 50x its original principal.
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