The lesson from Dexx's collapse in November last year, causing over 21 million USD in losses for more than 1,000 people, is still fresh in memory. Today, posts about the BullX team potentially "running away" are rapidly spreading in the community, but is this a real collapse or just another business war-style "FUD"?
Remember BullX?
BullX is a Dex trading platform supporting multiple chains including SOL, Blast, Base, BSC, TRON, and ARB. Since officially launching in May last year, it quickly captured the market with its user-friendly trading UI, 30% high trading rebates, and airdrop expectations. It has long occupied the top three desktop trading robot positions, attracting nearly 1.4 million registered users and generating 185 million USD in transaction fees.
In February, it even surpassed the veteran trading robot Photon to become the market leader, until Axiom, backed by YC investment, began to rise, forming a three-way competitive landscape.
FUD Origin
On-chain Degen @Nuotrix posted a tweet with the headline "80% Possibility of BullX Team Exiting", which has already reached 300,000 views and sparked community discussion.
He presented 4 pieces of evidence: the CEO deleted his Telegram account, the customer service team disappeared, high-income referral links were deleted, and users cannot claim invitation rewards due to the team not replenishing the treasury.
CEO Telegram Account Deletion Doubts
Unfortunately, most of his evidence consists of conversation records without actual proof, raising doubts in the comments. Yelo explained that the CEO's account might have been marked, and Telegram can ban and show an account as deleted if it receives numerous reports in a short time.
Customer Service Team Disappearance
Regarding the customer service team, community members noted that the Discord channel's support team is 24/7 online, and someone verified by quickly receiving a response after inquiring in the same channel.
Referral Rewards Unable to Claim
After community attempts to claim rewards, the reward function appeared functional. Nuotrix claimed that links for those earning $10,000 daily were deleted to stop payments, with current $2,000-3,000 daily earners receiving less than displayed.
New Wave Pushing Old Wave
Despite Nuotrix's unclear evidence, BullX hasn't posted on social media since February 10th's article opposing third-party Chrome extension integration. This two-month silence combined with widespread FUD has caused concern, with user numbers dropping from 25,000 to around 300, and daily transaction fees falling from $250,000 to $8,000.
As trading robots become the most needed application in this cycle, more similar products emerge. Newcomers will compete with predecessors in various aspects. After experiencing a dividend period, platforms might become fatigued and fail to keep up with times, with Axiom's invitation codes most frequently mentioned in this FUD event.
Regardless of whether BullX's "running away" rumor is true or false, user trust and platform transparency are crucial in today's increasingly competitive trading robot market. Retail investors should remain vigilant, diversify risks, and protect their assets while chasing high returns. BlockBeats will continue to track this matter.
