Late-night BSC chain drama: BULLA (as the community calls it, “that bull”) fell 19.54% in 24 hours.
📊 Live data (Binance Alpha market):
💰 Current price: $0.0460
📉 24h change: -19.54% (24h high $0.0587 → low $0.0365, range 37%)
🔥 24h trading volume: $414K
👥 Holders: 60,735
🧢 Market cap: $46.01M
Why such a steep drop?
It’s not simply a case of “the meme coin crashing.” On November 10, Binance Futures ended the final price protection period (LPP) for the BULLAUSDT perpetual contract, raising the funding rate cap directly from ±0.005% to ±2%. Once that protection was removed, the bears went all in, pushing the price down from $0.0587 to $0.0365, where it finally stabilized.
The on-chain structure made this sell-off even easier:
▪️ The top 10 addresses hold about 59% of the supply—a high level of concentration
▪️ Only 40% of the supply is circulating, so selling pressure could ramp up at any time
▪️ A $46M market cap isn’t small among Alpha meme coins, but liquidity is only $330K
When might it be worth keeping an eye on again?
$0.0365 is both this round’s 24h low and the level where the sell-off stalled. If the price stabilizes on lower volume and the decline narrows, it may mean panic selling has been flushed out. If it breaks below that level on rising volume, there’s no clear support underneath, and the magnetic pull lower could continue.
⚠️ BULLA has perpetual contracts, concentrated holdings, and extreme volatility. Chasing either shorts or longs could get you wicked out on both sides. This is not investment advice.
Data source: Binance Alpha live market data (November 13, 23:40 UTC+8)
#meme #币安Alpha #On-chain trends
$BULLA
📊 Live data (Binance Alpha market):
💰 Current price: $0.0460
📉 24h change: -19.54% (24h high $0.0587 → low $0.0365, range 37%)
🔥 24h trading volume: $414K
👥 Holders: 60,735
🧢 Market cap: $46.01M
Why such a steep drop?
It’s not simply a case of “the meme coin crashing.” On November 10, Binance Futures ended the final price protection period (LPP) for the BULLAUSDT perpetual contract, raising the funding rate cap directly from ±0.005% to ±2%. Once that protection was removed, the bears went all in, pushing the price down from $0.0587 to $0.0365, where it finally stabilized.
The on-chain structure made this sell-off even easier:
▪️ The top 10 addresses hold about 59% of the supply—a high level of concentration
▪️ Only 40% of the supply is circulating, so selling pressure could ramp up at any time
▪️ A $46M market cap isn’t small among Alpha meme coins, but liquidity is only $330K
When might it be worth keeping an eye on again?
$0.0365 is both this round’s 24h low and the level where the sell-off stalled. If the price stabilizes on lower volume and the decline narrows, it may mean panic selling has been flushed out. If it breaks below that level on rising volume, there’s no clear support underneath, and the magnetic pull lower could continue.
⚠️ BULLA has perpetual contracts, concentrated holdings, and extreme volatility. Chasing either shorts or longs could get you wicked out on both sides. This is not investment advice.
Data source: Binance Alpha live market data (November 13, 23:40 UTC+8)
#meme #币安Alpha #On-chain trends
$BULLA