USELESS Coin Proves Useful—Jumps 52% After Binance

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USELESS Coin Proves Useful—Jumps 52% After Binance | Crypto News


According to studies, USELESS coin surged 52% in a single day after changing into the first memecoin from LetsBONKfun to land on Binance.

The price climbed from $0.19 to $0.33 during the initial burst, data from Coingecko exhibits, and many merchants offered into that transfer in a single day.

Social curiosity rose alongside the price: 30-day growth was 42%, which translated to practically 9,700 new followers, data from Messari exhibits.

Exchange Listings Fuel Hype

Reports have disclosed that other platforms moved rapidly. Kraken listed the token amid the excitement, and Coinbase added USELESS to its itemizing roadmap, making the token seen to US markets.

That wider publicity seems to have attracted new consumers and consideration. Some merchants said that easing crypto guidelines and exchange access had been serving to memecoins get more eyes and more capital.

Buyers Pushed Early And Some Took Profits

Orderbook snapshots confirmed heavy bids before the Binance announcement, and some market watchers flagged those buys as suspicious.

Insider shopping for is a common concern around listings, and the timing right here raised eyebrows. After the launch, price shot to $0.31 from $0.22, then cooled as profit-taking set in. By the second day, buy-side depth had thickened while taker buy/promote quantity started to ease.

Overall Activity Up 300%

Trading exercise spiked. Daily quantity reached $420 million, which was more than 1.5x the token’s market cap according to commerce tallies. In the run-up and rapid aftermath, total exercise rose by virtually 300%.

On decentralized exchanges, netflows put USELESS at the top of the listing among the top 10 cash by netflow, even forward of Bonk [BONK]. Gem Detector data on X confirmed USELESS as the most held token among the platform’s top 4 memecoins, a signal that neighborhood curiosity was strong.

Technical indicators signaled larger volatility as Bollinger Bands widened. The midpoint of the bands sits close to an earlier resistance at $0.27, which may act as the next assist.

Resistance around $0.33 appears to be like to be a key pivot; a clear break above that may open a path toward $0.40. If $0.27 fails, the token may slip back to $0.22, the extent where the surge started. Aggregated spot and bid delta hit its highest stage since launch, even as taker buy quantity tapered off.

Featured image from X/@theuselesscoin, chart from TradingView



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