amplifying this piece of useless 'fud' because, despite the veracity being dubious, it's the most bullish thing i've ever read
"this is the flagship token of an ecosystem, and they're going all out to pump it,
oh and by the way they have saudis pouring oil money into it"
Unmasking $Useless: Inside the Bonk Team’s Artificial Pump
Data/Images & facts below:
1. Useless is managed by the Bonk team, a prominent group within the Solana ecosystem.
2. Useless is the only actively performing token within the Bonk ecosystem, with indications that funds from other promising projects in their ecosystem may have been redirected to bolster Useless.
3. The Bonk team consists of experienced Solana pioneers, predating many current ecosystem participants.
4. The Bonk team holds substantial financial reserves, reportedly in the millions, and generates revenue by collecting fees from all tokens within the Bonk ecosystem and with this they are controlling the supply of the coin.
5. Useless benefits from multiple market makers, extensive industry connections, and listings on several Tier 1 exchanges.
6. Recent investments, reportedly including venture capital and significant funding from sources such as Saudi wealth, have been used to artificially inflate the token’s market performance, raising concerns about potential market manipulation.
7. Filtering token holders to those with investments of $10 or more, or $100 or more, reveals a clearer pattern of potential market manipulation and highlights a lack of genuine community engagement compared to other projects in the space.
Now let’s look at the data:
Data shows larger holders are selling off their coins, yet the price continues to rise. Why? This ties back to points 4 and 6: millions in reserves and venture capital funds propping up the chart. What does this indicate? The buying isn’t coming from genuine whales, it’s artificial. Notably, only 1127 users who purchased $100 or more in the past 90 days are still holding. The numbers speak for themselves & the data outweighs sentiment.
Facts don’t care about feelings - you can’t argue with the data.
Thanks for reading.
Regards




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