16.08.2025 00:00
USELESS, a memecoin from the LetsBONKfun ecosystem, experienced a dramatic 52% price surge in a single day following its debut on Binance, the world's leading cryptocurrency exchange. This rapid price increase propelled the token from $0.19 to a peak of $0.33, according to data sourced from Coingecko, before a wave of profit-taking ensued. Concurrently, social media engagement exploded, demonstrating a significant increase in community interest. Messari's data revealed a remarkable 42% growth in 30-day social media engagement, attracting almost 9,700 new followers.
The listing on Binance ignited a frenzy, triggering rapid action from other major cryptocurrency exchanges. Kraken swiftly followed suit by listing USELESS, while Coinbase included it in their upcoming listings, significantly enhancing the token’s visibility within the US market. This expanded exposure attracted a considerable influx of new buyers and further fueled market enthusiasm. Some market analysts attributed this surge to a combination of factors, including a perception of easing cryptocurrency regulations and increased accessibility via major exchanges, thereby boosting both attention and investment in the memecoin sector. Binance.US officially announced the USELESS/USDT trading pair's launch on August 14th, 2025.
However, the pre-Binance listing buying activity raised concerns among some market observers. Order book snapshots revealed substantial buy orders before the announcement, prompting speculation about insider trading. This pre-listing accumulation, a common concern surrounding major exchange listings, sparked debate regarding the legitimacy of the initial price surge. While the price initially spiked to $0.31 from $0.22 after the Binance listing, profit-taking quickly emerged, leading to a subsequent price correction. Despite this, the second day witnessed a noticeable increase in buy-side order depth, suggesting sustained interest.
Trading activity reached unprecedented levels, with daily volume exceeding $420 million—more than one and a half times its market capitalization. Overall activity surged by nearly 300% in the period surrounding the Binance listing. This remarkable surge placed USELESS among the top performers on decentralized exchanges, even outpacing BONK in terms of net inflows, according to data from internet sources. Further analysis from Gem Detector, via X, showed USELESS as the most widely held token among the platform's top four memecoins, solidifying the strength of its community support.
Technical indicators pointed towards heightened volatility, as indicated by widening Bollinger Bands. The midpoint of these bands aligned with previous resistance levels around $0.27, potentially acting as a crucial support level. Resistance at $0.33 emerged as a critical pivot point; a decisive break above this level could pave the way for further price appreciation towards $0.40. Conversely, a failure to hold the $0.27 support might trigger a pullback to the initial surge level of $0.22. Despite tapering taker buy volume, the aggregated spot and bid delta reached its highest point since launch.
