USELESS Coin Surges 55% on Binance Listing as Buy-Side Liquidity Grows

The recent listing of USELESS coin on Binance sparked a significant market reaction, with the price surging by 55% within a single day. The move marked the first time a memecoin from the LetsBONKfun platform appeared on one of the world’s largest cryptocurrency exchanges. Following the Binance listing, the price of USELESS jumped from $0.22 to $0.31, driven by a notable increase in orderbook liquidity on the buy side [1]. Traders capitalized on the gains over the following 24 hours, and the second day after listing showed a thickening of buy-side depth, suggesting continued investor interest [1].

The momentum was further fueled by additional listings on exchanges like Kraken and Coinbase, which added the token to their roadmaps, making it accessible to a broader audience, including U.S. investors. This development aligned with a broader easing of crypto regulations, which analysts noted was opening new doors for memecoin exposure [1]. Over 30 days, the token saw a 41.59% growth rate, adding nearly 9,700 followers, according to Messari data [1].

Market activity around the token also spiked, with a 298% increase in trading volume, which reached $421 million—more than 1.5 times its market cap. This level of liquidity was viewed as a positive sign by analysts, indicating that the coin was attracting sufficient market participation [1]. However, the question remains whether this upward momentum can be sustained.

At the time of writing, USELESS was trading around the $0.30 level, with price volatility evident through the expansion of Bollinger Bands. Aggregated spot and bid deltas reached their highest levels since the token’s launch, but taker buy/sell ratios and volume were declining as sellers began to step in [1]. A key resistance level at $0.33 was identified, with a break above it potentially setting the stage for a move toward the $0.40 mark. Conversely, if the coin fails to hold above $0.27—a previous resistance turned support—its price could dip back down to $0.22, where the recent surge began [1].

On the broader platform, USELESS outperformed other memecoins in terms of DEX netflows, ranking first among the top ten coins, ahead of Bonk (BONK). According to data from Gem Detector on X, it was also the most-held token among the top four memecoins on LetsBONKfun [1]. The token’s strong community backing has positioned it as a potential leader for other meme tokens launching on the platform. This, combined with the fee-sharing mechanism that continues to attract users, suggests a solid foundation for further growth.

The possibility of USELESS reaching a $1 billion market cap is being discussed more frequently. As the largest memecoin on LetsBONKfun, its prospects have improved, particularly as it continues to outperform Pump.fun (PUMP) across several metrics. However, such an outcome would depend on broader market acceptance of an anticipated altcoin season [1].

Source: [1] USELESS coin jumps 55% after Binance listing – $0.40 in sight IF… (https://ambcrypto.com/useless-coin-jumps-55-after-binance-listing-0-40-in-sight-if/)