USELESS Coin Surges 20.2% to New All-Time High of $0.1714

USELESS Coin has experienced a significant surge, reaching a new all-time high of $0.1714, marking a 20.2% daily increase. This surge has propelled the coin's market capitalization to $170 million, with a fully diluted valuation matching this figure. The token's circulating and total supply stands at 999,940,362, nearly reaching its maximum cap of 1 billion. This indicates a fully unlocked token economy with no vesting or inflation risk, contributing to its growing traction and ranking it at #312 by market cap.

One of the key drivers behind this surge is the substantial activity from whale wallets. Notably, an address known as Unipcs, or Bonk Guy, has turned a $378,000 investment into a $4 million holding over 49 days. This address accumulated 28.1 million tokens across three purchases and has not sold any since, with 99.51% of the tokens remaining untouched. The gains from this position are yet to be realized, but the return on investment stands at an impressive +1051%. The average entry price for these tokens was $0.0131, and the current value of the position is $4.3 million.

Another significant move came from a new wallet that withdrew $608,000 in USDC from a major exchange and instantly purchased 4 million USELESS tokens. This wallet, valued at $618,493.33, has shown a series of high-value transactions, including inflows of $307,722.93 in USDC and $7,687 worth of USELESS from a decentralized exchange aggregator. The wallet's activity suggests a strategy of market-making or arbitrage, using protocols for efficiency. The consistent movement of USDC and USELESS reinforces this strategy, indicating growing whale interest and deep market conviction in USELESS Coin.

The price of USELESS Coin has shown strong intraday demand, moving within a range of $0.1414 to $0.1702. Against Bitcoin, USELESS also gained 19%, now worth 0.0001585 BTC. The rising investor interest is evident from the trading volume, which hit $17,239,222 over the same period. More than 2,000 users have added the token to their watchlists, further highlighting the growing interest and conviction in USELESS Coin.