USELESS Coin Proves Useful—Jumps 55% After Binance Listing – Crypto News – Crypto News
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USELESS Coin Proves Useful—Jumps 55% After Binance Listing – Crypto News

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4 months ago

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

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The price climbed from $0.19 to $0.33 during the initial burst, data from Coingecko shows, and many traders sold into that move overnight.

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

Exchange Listings Fuel Hype

Reports have disclosed that other platforms moved quickly. Kraken listed the token amid the buzz, and Coinbase added USELESS to its listing roadmap, making the token visible to US markets.

That wider exposure appears to have attracted new buyers and attention. Some traders said that easing crypto rules and exchange access were helping memecoins get more eyes and more capital.

Buyers Pushed Early And Some Took Profits

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

USELESS social interest up. Source: Messari.

Insider buying is a common concern around listings, and the timing 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/sell volume began to ease.

Total crypto market cap currently at $3.94 trillion. Chart: TradingView

Overall Activity Up 300%

Trading activity spiked. Daily volume reached $420 million, which was more than 1.5x the token’s market cap according to trade tallies. In the run-up and immediate aftermath, overall activity rose by almost 300%.

On decentralized exchanges, netflows put USELESS at the top of the list among the top 10 coins by netflow, even ahead of Bonk [BONK]. Gem Detector data on X showed USELESS as the most held token among the platform’s top four memecoins, a sign that community interest was strong.

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Technical indicators signaled higher volatility as Bollinger Bands widened. The midpoint of the bands sits near an earlier resistance at $0.27, which could act as the next support.

Resistance around $0.33 looks to be a key pivot; a clear break above that might open a path toward $0.40. If $0.27 fails, the token could slip back to $0.22, the level where the surge began. Aggregated spot and bid delta hit its highest level since launch, even as taker buy volume tapered off.

Featured image from X/@theuselesscoin, chart from TradingView

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