USELESS Coin Proves Useful—Jumps 52% After Binance Listing

Source Newsbtc

According to reports, USELESS coin surged 52% in a single day after becoming the first memecoin from LetsBONKfun to land on Binance.

The price climbed from $0.19 to $0.33 during the initial burst, data from Coingecko shows, and many traders sold into that move overnight.

Social interest rose alongside the price: 30-day growth was 42%, which translated to nearly 9,700 new followers, data from Messari shows.

Exchange Listings Fuel Hype

Reports have disclosed that other platforms moved quickly. Kraken listed the token amid the buzz, and Coinbase added USELESS to its listing roadmap, making the token visible to US markets.

That wider exposure appears to have attracted new buyers and attention. Some traders said that easing crypto rules and exchange access were helping memecoins get more eyes and more capital.

Buyers Pushed Early And Some Took Profits

Orderbook snapshots showed heavy bids before the Binance announcement, and some market watchers flagged those buys as suspicious.

Insider buying is a common concern around listings, and the timing here raised eyebrows. After the launch, price shot to $0.31 from $0.22, then cooled as profit-taking set in. By the second day, buy-side depth had thickened while taker buy/sell volume began to ease.

Overall Activity Up 300%

Trading activity spiked. Daily volume reached $420 million, which was more than 1.5x the token’s market cap according to trade tallies. In the run-up and immediate aftermath, overall activity rose by almost 300%.

On decentralized exchanges, netflows put USELESS at the top of the list among the top 10 coins by netflow, even ahead of Bonk [BONK]. Gem Detector data on X showed USELESS as the most held token among the platform’s top four memecoins, a sign that community interest was strong.

Technical indicators signaled higher volatility as Bollinger Bands widened. The midpoint of the bands sits near an earlier resistance at $0.27, which could act as the next support.

Resistance around $0.33 looks to be a key pivot; a clear break above that might open a path toward $0.40. If $0.27 fails, the token could slip back to $0.22, the level where the surge began. Aggregated spot and bid delta hit its highest level since launch, even as taker buy volume tapered off.

Featured image from X/@theuselesscoin, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin ETF Inflows For 2025 Now Outpace 2024, Data ShowsUS Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
Author  Bitcoinist
Jul 16, Wed
US Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
placeholder
Nonfarm Payrolls set to rise by 75K in August amid US labor market concernsThe United States (US) Bureau of Labor Statistics (BLS) will release the critical Nonfarm Payrolls (NFP) data for August on Friday at 12:30 GMT.
Author  FXStreet
Sep 05, Fri
The United States (US) Bureau of Labor Statistics (BLS) will release the critical Nonfarm Payrolls (NFP) data for August on Friday at 12:30 GMT.
placeholder
Gold Price Forecast: XAU/USD gains momentum to near $3,650, eyes on US CPI releaseThe Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday.
Author  FXStreet
Sep 11, Thu
The Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday.
placeholder
Gold extends rally amid geopolitical risks and Fed rate cut bets; fresh record high and countingGold (XAU/USD) continues scaling new record highs during the Asian session on Tuesday and climbs beyond the $3,250 level amid a supportive fundamental backdrop.
Author  FXStreet
Sep 30, Tue
Gold (XAU/USD) continues scaling new record highs during the Asian session on Tuesday and climbs beyond the $3,250 level amid a supportive fundamental backdrop.
placeholder
What to expect from Ethereum in October 2025With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
Author  Beincrypto
Sep 30, Tue
With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
goTop
quote