USELESS Token Holder Addresses Hit Record High as Uptrend Continues
USELESS token holder addresses have reached a new record high, according to Bonk Guy. The analyst said USELESS has followed a repeated pattern over the past several months: outperforming the market, undergoing a sharp correction, consolidating, and then setting a new high. USELESS market capitalisation has risen from about $28 million several months ago to approximately $318 million. Bonk Guy said the token’s short-, medium- and long-term charts are showing progressively higher highs and higher lows, a pattern he believes differs from the typical signs of a Meme coin topping out. The holder-growth data and market-cap expansion may support a bullish narrative for USELESS, although traders should remain alert to Meme coin volatility, liquidity risks and potential profit-taking.
Bullish
The report is modestly bullish for USELESS because two commonly watched indicators—holder-address growth and a market structure of higher highs and higher lows—suggest expanding participation and positive momentum. The rise in market capitalisation from roughly $28 million to $318 million also indicates significant capital inflows or repricing. Similar developments in Meme coins have sometimes preceded further momentum when new holders continue to enter and pullbacks remain orderly. However, the evidence is based mainly on one analyst’s interpretation and does not confirm sustainable demand. USELESS remains exposed to sharp reversals, low-liquidity trading, whale selling and broader risk sentiment. In the short term, traders may respond with momentum buying, but the large increase in valuation could also encourage profit-taking. Over the longer term, continued growth in holder addresses and the ability to maintain higher lows would strengthen the bullish case; a break below recent support or a reversal in holder growth would weaken it. The broader crypto market impact is likely limited because the news concerns a single Meme coin.