According to GMGN data, BULLA’s market cap quadrupled within 24 hours, underscoring sentiment-driven price swings common among meme coins.
On January 30, data from GMGN indicated that BULLA, a meme coin on Binance Smart Chain, surged 76% in 24 hours, with its market cap rising from $31 million to $118 million. Trading volume reached $72 million, reflecting heightened speculative activity. BlockBeats cautioned that such price movements in meme coins are driven largely by sentiment rather than practical utility, making them highly volatile investment vehicles.