What is Bullit (BULT) crypto coin? Facts, risks, and why it’s not what it claims

There’s a coin called Bullit (BULT) floating around crypto forums and sketchy exchange lists. It claims to be a decentralized data storage solution - something like Filecoin or Arweave - but with a twist: it says you don’t need to be a tech expert to use it. Sounds promising, right? Except almost everything about it is broken, contradictory, or outright fake.

It’s not clear what blockchain Bullit even runs on

One source says Bullit is built on Solana. Another says it’s on Ethereum. CoinMarketCap lists an Ethereum contract address: 0xb97c...fc36e5. CoinSwitch says it’s on Solana. Solana doesn’t use Ethereum-style addresses. That’s like saying your car runs on gasoline but then showing you a diesel pump. This isn’t a mistake - it’s a red flag. If the most basic technical detail is conflicting across platforms, what else are they lying about?

There’s no whitepaper. No GitHub repo. No developer activity. No team members named. No roadmap. No blog. No Twitter updates since 2022. If this were a real project trying to compete with Filecoin or Storj, you’d see code commits, technical docs, community calls. Instead, you get silence - and a price chart that makes no sense.

The price data is nonsense

On November 27, 2023, CoinMarketCap listed Bullit at $0.001469. Binance had it at $0.00101. Coinbase? $3.38. But Coinbase also said “0 in circulation.” How can something have a price if nothing is circulating? That’s not a glitch - it’s a sign the data is either being manipulated or pulled from a fake trading pair.

Even worse: CoinMarketCap claims Bullit hit an “all-time high” of $492.47 on August 9, 2025. That’s a date that hasn’t happened yet. It’s 2025. We’re in November. That number is impossible. This isn’t a data lag. This is garbage data being fed into a system that’s supposed to be trustworthy. Real coins don’t have prices from the future.

Trading volume is almost zero

Bullit’s market cap was around $727,000 in late 2023. But its 24-hour trading volume? $3.04. That means less than $4 changed hands in a full day. For comparison, Filecoin trades over $20 million daily. Even tiny coins like Dogecoin move $50 million. Bullit’s volume is so low, you couldn’t buy $10 worth without the order failing. One user on Bitgur wrote: “Tried to buy $10 worth but order never filled - looks like no liquidity.”

That’s not a coin. That’s a ghost. A token with no buyers, no sellers, and no real market. If nobody’s trading it, why does it have a market cap? Because someone listed it and inflated the numbers. That’s how pump-and-dump schemes start.

No one in the industry recognizes it

Check CoinDesk. Cointelegraph. The Block. Messari. Delphi Digital. None of them mention Bullit. Not once. Not even as a warning. Meanwhile, Filecoin, Arweave, and Storj are covered regularly - their tech, their partnerships, their network usage. Filecoin has stored over 10 exabytes of data. Arweave has 85,000 active apps. Bullit? Zero verifiable data. Zero storage nodes. Zero proof of use.

Even on Reddit, the r/Solana community labeled Bullit “unverified with conflicting blockchain information.” That post got 47 upvotes and only 12 downvotes - meaning most people who saw it knew something was off.

Users are warning each other to stay away

There are barely three reviews on CoinGecko and Bitgur. Two are negative. One says: “Can’t find any actual project website or team info - steering clear.” The other: “Tried to buy $10 worth but order never filled.”

The lone positive review? “Low market cap means potential for 100x if they deliver.” That’s not a review - that’s a gamble. And a dangerous one. You’re betting on a project that doesn’t exist. No code. No team. No infrastructure. Just a ticker symbol and a fake price.

Why does this even exist?

There’s a pattern here. A low-cap token with no real use case, conflicting technical data, zero liquidity, and a price that makes no sense. That’s the textbook setup for a rug pull. Someone creates a token, lists it on small exchanges, pumps the price with fake volume, then disappears. The “all-time high” from 2025? That’s likely a bot-generated fake to lure in new buyers.

It’s also possible Bullit is just a data error - a typo in a blockchain explorer that got copied everywhere. But even then, the fact that multiple platforms are running with the same bad data shows how little oversight exists in the crypto space. If you’re not careful, you’ll end up buying a coin that doesn’t exist - and losing money because no one will take it off your hands.

What should you do?

If you’re thinking about buying Bullit: don’t.

Even if you believe it’s “undervalued,” there’s no way to verify that. No one is building it. No one is using it. No one is talking about it. The only people promoting it are the ones who already own it - and they’re the ones who stand to profit if you buy in.

Real decentralized storage projects have open code, public metrics, active developers, and real users. Bullit has none of that. It’s a shell. A ticker. A ghost in the machine.

If you’re looking for decentralized storage, go with Filecoin, Arweave, or Storj. They’re real. They’ve been around for years. You can see their networks running. You can check their GitHub. You can read their docs. You can trust them.

Bullit? You can’t trust anything about it. Not the price. Not the blockchain. Not the team. Not the future. The only thing certain is this: if you invest in Bullit, you’re not investing in a project. You’re betting on a glitch - and the odds are stacked against you.