Bonkguy's crafting a detailed thesis, much like Lexabro, breaking down how a $2.4M sell-off was swiftly bought back. 😄😄 But why aren't the on-chain dynamics aligning with this? 🧐 We can clearly see a volume spike during the dump when USELESS fell from a $210M market cap to around $180M. So why don’t we see a similar volume surge when the token pumped past a $250M market cap? The only notable transactions I could spot before this pump were @coinbase moving over 7M tokens to an offline wallet, after which the token surged rapidly, likely due to a reduced liquidity pool. 🙂 Even though Coinbase is a major exchange, it’s holding just 1 million tokens in its liquidity pool for some reason.
two whales sold $2.4m worth of $USELESS yesterday and here's what happened: 1. the dip was instantly bought up 2. USELESS is up 30% from the dip-induced lows 3. USELESS is up 20% over the last 24 hours, more than any other major memecoin fundamentals have also significantly improved for USELESS in a way that makes it primed for the run to multi-billion-dollar status: - it is the second most traded established memecoin on-chain in the last 24 hours, just below $FARTCOIN - it has more than twice the on-chain volume of $TRUMP in the last 24 hours - it is seeing consistent on-chain holder growth - it is listed on Coinbase, Kraken, Binance US, etc, and aggressive bids and accumulation is taking place on these CEXs - Coinbase is consistently doing the most volume of any of the CEXs that have listed it, showing significant interest in the coin from Americans and this is happening just as it looks poised to break out of a range it has consolidated in for 74 days against the backdrop of incredibly bullish macro conditions: - rate cuts coming in a week's time - $DOGE ETF going live today + DATs about to start bidding aggressively, which should create tailwinds for memecoins in general - a major Solana DAT concluding a raise of $1.65 billion, which should boost the $SOL price and its eco - Q4 seasonality which tends to benefit crypto everything points to USELESS coin being THE chosen one and the cycle runner from here, and its run to multi-billion-dollar status seems inevitable resistance is USELESS!
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