USELESS COIN (USELESS) On Bsc

Social Signals

Social Signals On 2025-08-03

Bullish Signals:

• USELESS is gaining significant popularity across Nansen's Pioneers and Professional user segments, indicating high interest and potential adoption.
• USELESS has been compared to other memecoins with significant growth trajectories, such as Fartcoin and Popcat, and has already achieved a market capitalization of 400M before retracing to 220M, suggesting potential for further growth.
• There is speculation that USELESS might experience a breakout similar to other memecoins like Fartcoin and WIF, which had significant surges following initial retracements.
• The USELESS token is showing strong user engagement with a growing holder base, reaching 28,545 holders, and a market capitalization of approximately 242.3M.

Bearish Signals:

• The current USELESS token is facing a lawsuit from the original creators of the Useless memecoin, who claim that their name and logo, trademarked in 2021, have been used illegally.
• Legal disputes around the USELESS token could lead to its removal from centralized exchanges, potentially impacting its market presence.
• The ongoing lawsuit and branding controversies are creating uncertainty in the USELESS community, with some users expressing concerns about the token's legitimacy and future.
• With the lawsuit and potential rebranding, there is speculation that users might pivot to a newly launched token by the original creators, which could fragment the user base.

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Social Signals On 2025-08-01

Bullish Signals:

• USELESS coin has shown resilience with strong whale accumulation, including top buyers scooping up millions of tokens. Over 7 new wallets joined, and the top 5 whales added 5.46M USELESS in 24 hours, indicating continued confidence in the asset.
• A trader deployed a massive $697.6K buy order into USELESS via DCA at a steady rate of $969 per minute, demonstrating significant buying pressure and institutional interest.
• Despite its recent 45% correction from its $420M ATH, USELESS has bounced on strong support around $230M market cap. Historical trends in memecoins suggest potential for another parabolic rally.
• USELESS is still recognized as the main token of the Bonk ecosystem and continues to lead liquidity inflows. Big holders and smart money remain invested, reinforcing trust in its long-term potential.
• Analysts have highlighted similarities between USELESS and past memecoins like FARTCOIN, predicting USELESS could consolidate before its next explosive leg up, potentially reaching billions in market cap.

Bearish Signals:

• Some users believe USELESS and related Bonk ecosystem tokens are experiencing capital outflows, with major wallets selling off USELESS and other meme coins, signaling potential market weakness.
• There are concerns that USELESS may stall around the $280M market cap before another leg down due to lack of momentum and broader market conditions.
• Bonk ecosystem tokens, including USELESS, have faced coordinated FUD campaigns and significant price pullbacks, raising questions about user confidence and market stability.
• An analysis suggests that USELESS may be 'cooked,' with the likelihood of further decline despite its summer success in dominating the memecoin sector.
• Market activity indicates that Bonk-related tokens, including USELESS, are experiencing sell-offs, and overall sentiment seems cautious as traders wait for clearer opportunities.

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Social Signals On 2025-07-31

Bullish Signals:

• Whales and smart money are actively accumulating $USELESS, with token balances increasing by 1.29% for smart money and 0.83% for whales in the last 24 hours. Additionally, exchange balances have dropped by 6%, indicating strong accumulation trends.
• On-chain metrics for $USELESS show positive signs of accumulation, including increased holdings by whales and smart money, and reduced tokens on exchanges. These trends suggest anticipation of a potential upward movement.
• $USELESS has been identified as the most bought token by smart money in the last 24 hours, surpassing inflows for $SPX, $FARTCOIN, and $WIF. Analysts predict significant potential for $USELESS to reach a $1 billion market cap.
• BonkFun, Solana's leading token launchpad, has driven over $540M in volume and launched $USELESS as its top token, which now sits at over $300M market cap. This reinforces BonkFun's dominance in the memecoin space and highlights $USELESS's strong position within the ecosystem.
• An AMA featuring Bonk Guy, a prominent figure in the crypto space, is scheduled on Reddit's r/CryptoCurrency community from August 4 to 6. Topics will include high-stakes memecoin trades such as $USELESS, providing exposure to millions of members.

Bearish Signals:

• Multiple DCA sell orders were placed involving USELESS, including a transaction dumping $145,753 worth of tokens and another wallet selling over $600,000 worth of USELESS within three days, which indicates significant sell pressure.
• Two DCA alerts show high selling activity for USELESS, with $51,042 sold over 16 hours and $67,987 sold over 1 day and 9 hours, alongside negative price changes of -7.35% and -2.98%.
• A verified whale sold $41.1K worth of USELESS, contributing to a bearish outlook as the token's market cap decreased to $259.3 million.
• Solana’s ‘Popular Wallet’ is still holding USELESS despite experiencing a -12% decline within 1 hour, reflecting potential ongoing sell pressure.
• USELESS exhibits ownership concentration concerns, with the top 10 wallets holding 61.4% of the supply, alongside reports of developer token sales, which may impact user confidence negatively.

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Social Signals On 2025-07-30

Bullish Signals:

• USELESS has gained significant traction as a leading meme coin within the Solana ecosystem, attracting major whales and smart money buyers who continue to accumulate during market dips, indicating strong community and investor confidence.
• The trajectory of USELESS is being compared to that of Fartcoin, suggesting potential for a similar explosive growth pattern backed by triple top formations and increasing whale activity.
• USELESS is frequently endorsed by prominent figures like Bonk Guy and Cooker, with its satirical appeal driving strong community engagement and its holder base exceeding 28,000, showcasing a robust and loyal user network.
• Bonk platform has positioned USELESS as a key meme coin, emphasizing its narrative-driven appeal, which has historically fueled significant growth within the ecosystem.

Bearish Signals:

• Reports have emerged suggesting that Bonk Guy, a key supporter of USELESS, was arrested in Macau, leading to concerns about potential team-led token dumps to cover legal fees and triggering shorting activities among whales.
• The dependency of USELESS on central figures such as Bonk Guy raises concerns about single points of failure, as unforeseen events or loss of support could negatively impact the coin's trajectory.
• Rumors of token fatigue within the meme coin space, including USELESS, suggest a potential shift in investor sentiment as communities express dissatisfaction with repetitive narratives.
• A correction phase for USELESS has been noted, with some traders anticipating further downside before potential recovery, signaling short-term bearish sentiment.

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Social Signals On 2025-07-29

Bullish Signals:

• USELESS has seen consistent growth in its holder count, with 2,888 new holders added in the past week, indicating strong market interest and absorption of sell pressure during corrections.
• Smart money and whale investors are actively accumulating USELESS during dips, with a wallet aping $176K and another purchasing $745.23K worth of tokens recently.
• USELESS achieved a significant market cap milestone, briefly touching $400M before stabilizing at $340M, showcasing its strong presence in the BONK ecosystem.
• USELESS has demonstrated impressive trading volume, averaging $40M-$60M daily and peaking at over $70M, reflecting sustained interest and liquidity in the token.
• The recent launch of USELESS v4 is a noteworthy protocol upgrade that could drive further adoption and interest in the token.

Bearish Signals:

• USELESS has experienced a 25% correction after reaching an ATH of $420M, raising concerns about short-term price volatility.
• The broader BONK ecosystem, including USELESS, has seen significant corrections recently, with flagship tokens dropping by over 20%.
• Criticism has emerged regarding certain investors promoting USELESS while simultaneously selling significant amounts, potentially impacting market sentiment.
• Some market participants are skeptical of USELESS’s long-term viability, labeling it as part of 'crypto nihilism' alongside similar tokens like Fartcoin.
• Despite the initial hype, USELESS faces competition from other memecoins within the BONK ecosystem, such as WORTHLESS and URANUS, which are gaining traction.

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Social Signals On 2025-07-28

Bullish Signals:

• USELESS has been listed on Binance Alpha, marking a significant milestone for the token and reflecting strong community engagement in the Bonk ecosystem.
• The token’s market cap has already surpassed $400 million, making it the top-performing memecoin in the Bonk ecosystem and attracting substantial interest from smart money investors.
• Smart money and whales have been aggressively accumulating USELESS, making it the most purchased token by smart money in the last 24 hours, with expectations of further growth.
• Onchainmetrics analysis revealed that the token’s supply is widely distributed among holders, with only 16.12% held by insiders, indicating a healthy token distribution structure.
• USELESS has been integrated into the BNB Chain via the Chainlink CCIP bridge, which could expand its usability and reach across ecosystems.

Bearish Signals:

• Concerns have been raised about the liquidity challenges for USELESS on Solana, suggesting difficulties for broader adoption despite its recent successes.
• Onchain analysis highlighted the presence of insider clusters holding significant amounts of the token, which could lead to concentrated sell-offs and increased volatility in the future.
• Despite its impressive growth, some users question the long-term viability of USELESS and its narrative, labeling it as 'digital garbage' and comparing it to other nihilistic memecoins.
• Binance Alpha listing has sparked skepticism among some users who suggest that Bonk-related tokens may face barriers to further ecosystem integration.
• Criticism has emerged regarding the token’s perceived lack of utility, with comparisons to other memecoins that have struggled to maintain sustained interest.