GMGN data confirms BULLA’s dramatic drop alongside a crash in market cap, as Odaily cautions about the high volatility risks of meme coins.
BULLA, a Binance Smart Chain-based meme coin, suffered a price collapse of over 90% within eight hours, falling to $0.021. GMGN data indicates its market cap fell from nearly $400 million to about $22 million, with 24-hour trading volume at $109 million. Odaily has warned investors of the extreme volatility risks associated with meme coins, highlighting the rapid changes in valuation and potential losses.