The dramatic drop in $BULLA (Bulla) token, often exceeding 90-95%, was driven by a massive, sudden token unlock of 1 billion tokens, which flooded the market with supply while retail investors were still heavily buying. This caused a, likely manipulative, "pump-and-dump" scenario, where large holders sold off significant amounts.
Here are the key reasons for the $BULLA currency drop:
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Massive Token Unlock & Supply Surge: A sudden, unexpected release of 1 billion tokens increased supply, creating immense downward pressure.
Large Holder Sell-offs (Dumping): Significant amounts of, roughly $12 million, were sold off by large holders.
"Pump-and-Dump" Dynamics: The token, which saw sharp, rapid increases (over 300%) previously, was likely subject to manufactured price spikes, followed by an abrupt, severe decline as creators/investors locked in profits.
Severe Selling Pressure: The token, formerly trading at highs around $0.55, crashed to significantly lower levels (around $0.02–$0.03).
Lack of Liquidity & High Volatility: The token has experienced extreme, fast-moving price fluctuations characteristic of high-risk crypto assets.