$BULLA Binance’s BULLA Trading Competition (June 22 – July 6) offered 11.7M tokens to top buyers, incentivizing short-term trading. The 97% surge in 24-hour volume to $210M suggests participants may have sold tokens immediately after purchasing to secure rewards, creating downward pressure. Similar patterns are common in incentivized trading events where traders prioritize competition metrics over holding
Watch whether Binance competition inflows (ending July 6) can offset selling pressure – will traders front-run the reward distribution deadline, or will the downtrend persist?