USELESS Coin Soars 55% After Binance Listing – Will It Reach $0.40? 🤔💰

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Key Takeaways

Ah, the price of USELESS coin, that most ironic of currencies, has soared to dizzying heights following its listing on Binance for spot trading. It seems that the orderbook liquidity delta has thickened on the buy side, as if the very essence of speculation has taken a firm hold of the market. The price action, one might say, appears to be in a state of robust health, or perhaps merely a fevered dream of the traders.

Useless Coin [USELESS], the first memecoin to emerge from the whimsical realm of LetsBONKfun, has now graced the hallowed halls of Binance. What a triumph for the absurd! 🎉

In a mere day, the coin experienced a staggering 55% surge, as if propelled by the very winds of fortune, with other exchanges like Kraken eagerly joining the fray, caught up in the fervor of this digital folly.

Coinbase, too, has added USELESS coin to their illustrious listing roadmap, making it available to the U.S. markets. The easing of crypto regulations has opened doors wider than a tavern on a Friday night, allowing memecoins to bask in the glow of newfound exposure.

Consequently, the social sentiment surrounding this memecoin has followed suit, with a 30-day growth rate of 41.59%, as if the masses have suddenly found a new deity to worship, adding approximately 9,699 followers according to Messari data. Truly, a spectacle to behold!

Heavy bids hit the tape

Buyers, it seems, are pouring capital into USELESS as if it were the elixir of life itself, as evidenced by the orderbook liquidity delta. The buying frenzy was palpable just before the listing, raising eyebrows and suspicions of potential insider trading-oh, the drama!

Immediately post-listing, the price surged from $0.22 to $0.31, a veritable rollercoaster of emotions for traders who, in the dead of night, took their profits as if they were snatching coins from a wishing well. The depth on the buy side thickened on the second day, as if the market were a glutton at a feast.

During this tumultuous period, trading activity skyrocketed by 298%. The daily volume reached a staggering $421 million, more than 1.5 times its market cap. A good sign, indeed, that liquidity is not merely a mirage in the desert of speculation.

But will USELESS coin ascend to new heights before the tide inevitably turns? The question lingers like a shadow in the alleyways of St. Petersburg.

But will USELESS coin hold?

As I pen these words, USELESS hovers around the $0.30 mark, a precarious perch indeed. The volatility is palpable, as evidenced by the Bollinger Bands that have opened wide, like the jaws of fate ready to swallow the unwary.

The aggregated spot & bid delta has reached its zenith since the memecoin’s inception. Yet, the Taker Buy/Sell value and volume are shrinking, as sellers step back, perhaps sensing the impending doom. The resistance around $0.33 may have ignited this lag, a cruel twist of fate. Only by breaking above this level could USELESS hope to breach the $0.40 threshold.

The midpoint of the bands aligns with a previous resistance at $0.27. Should USELESS falter, it may plummet to this support level, and failure to hold could see it tumble to $0.22, where the surge first ignited-a tragic fall from grace.

Final take on LetsBONKfun’s memes

The Binance listing of USELESS Coin not only triggered a 55% price surge but also incited a significant spike in DEX netflows. Among the top ten coins by netflow, USELESS has claimed the crown, outpacing the second-placed Bonk [BONK].

On LetsBONKfun, a veritable playground for memes, USELESS stands as the most held token among the top four memecoins, according to data from Gem Detector on X (formerly Twitter). Such strong community backing positions USELESS as a pace-setter for other meme tokens launching on BONK’s launchpad, a veritable race of absurdity!

This raises the tantalizing question: can USELESS coin achieve a market cap of $1 billion? As the largest memecoin on LetsBONKfun, the odds of this happening seem to rise, like the sun over a foggy morning.

The mechanism of sharing fees among users continues to draw participants toward the platform, flipping Pump.fun [PUMP] on almost all fronts. Yet, the prediction hinges precariously on the broader market’s acceptance of the anticipated altcoin season-a gamble, indeed!

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2025-08-15 01:28