I find it very funny and ironic that all the usual crypto Twitter suspects are calling USELESS coin a 'cabal/bundled play'
despite the fact that all the usual trenches guys, crypto Twitter influencer 'gimme-supply-to-shill' larps, and big accounts coordinating rotation between plays after they load up supply are sidelined.
There's almost no high-profile crypto Twitter account tweeting about this, with the exception of @bluntz_capital and one or two others.
And of course, the Bonk team and BonkFun dev @SolTomPort (which is natural, since they want it to succeed—as its success is a good thing for BonkFun and the Bonk ecosystem).
USELESS crashed 90% from its initial ATH of $40 million, and people had weeks to buy between $4 million to $10 million market cap.
Most of its run-up has been a slow grind over weeks, with enough consolidation in between: up 20% on some days, up 70% on others... resulting in compounded growth until it got to these levels.
Nothing like a sudden 1,000 to 2,000% pump in a day, as we've seen recently with several cabal plays.
USELESS has also held incredibly well and defied every negative trend since it started its current rally: Israel-Iran war, a deferred rate cut, etc.
All while Bubblemaps and every other token analysis tool show it has one of the cleanest distributions in the space.
everything that's happened with it shows it is anything but a 'cabal' play.
It's done so well because people get the narrative and see it as an incredibly bullish one all things being equal—one that is still relatively undervalued compared to other top memecoins. They think it has enough mindshare to be a top memecoin.
But the usual crypto Twitter suspects are coping so hard because they didn’t get given supply to shill it, and no one gave them an advance heads-up in private before it rallied.
I haven’t seen cope like I’m seeing about USELESS for anything else this cycle to be honest, which makes me think even I might not be bullish enough.
There’s so much sidelined energy on this that it will send much higher and eventually suck liquidity out of the vaporware (i.e. useless coins) they’re holding.
GOD WILLING.
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