Useless Coin price surges as smart money investors buy

Useless Coin Defies the Bear Market With 1,700% Surge—But Is the Hype Sustainable?

In a month where the broader crypto market has taken a nosedive, one unlikely contender is turning heads—Useless Coin (USELESS). This meme-fueled token has defied the odds, skyrocketing over 1,700% in June alone, while blue-chip assets like Bitcoin and meme coin giants on Solana face steep corrections.

Smart Money Backs USELESS Amid Market Downturn

What’s fueling this rally? According to data from Nansen, the answer lies in smart money accumulation. High-profile investors and crypto whales have been scooping up large amounts of USELESS, with over $94,000 worth purchased in just the past 24 hours. This accumulation is often seen as a bullish signal, hinting at deeper conviction behind the scenes.

Meanwhile, exchange balances have dropped by more than 16%, now sitting at just 51.8 million tokens—suggesting many are moving their holdings off exchanges, possibly into cold storage, and reducing immediate sell pressure.

From Obscurity to $100M Market Cap

USELESS surged to a new all-time high of $0.1095, up from just $0.005460 earlier this month, pushing its market cap above $100 million. The four-hour chart shows the token trading within an ascending channel, consistently holding above the 50-period moving average—a sign of strong short-term momentum.

This explosive move comes even as Bitcoin (BTC) tumbled from its May peak of $111,900 to $103,000, and Solana-based meme coins saw their collective market cap drop from $15 billion to $9 billion. In a red sea of losses, USELESS has become a rare green island.

Caution Ahead? Momentum Indicators Flash Warning

However, traders might want to take a breath before diving in. While price action has been overwhelmingly bullish, several key momentum indicators are flashing red:

• The Average Directional Index (ADX) has dropped from a high of 70 to 20, signaling that the trend may be losing strength.
• The MACD and RSI are showing bearish divergence, a classic warning sign that a correction could be looming.

With the price potentially overextended, some analysts believe a pullback to support around $0.050 could be next as early investors lock in profits.

Final Thoughts: Meme Magic or Mirage?

USELESS Coin’s meteoric rise is yet another reminder of the unpredictable and sentiment-driven nature of meme tokens. While fundamentals may be thin, the mix of smart money inflows, supply crunches, and viral hype continues to rewrite the playbook on what’s possible in crypto.

Whether USELESS has more fuel in the tank or is due for a cooldown remains to be seen—but one thing’s for sure: in crypto, even the most “useless” coins can make millionaires.