defi-tractor

$USELESS

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

$USELESS has consistently outperformed every other established memecoin for a while now

and it's acted as a levered bet on both $BTC and $SOL every step of the way

it's now spent 63 days consolidating in the same range

the last major consolidation ultimately led to a 350% rally

i wonder how this one ends

[Boots @bootzz]

$USELESS - seeing similarities between the previous 70% move & current price action

I've highlighted exactly what I'm looking at so you can see for yourself

if this isn't bullish, I don't know what is

let's see how this plays out over the coming week 👀

[sk @skmakeit]

$USELESS is up 50% since whales have been high volume bullish on every timeframe Sun Flow tracks

The market is getting hot, capitalize on it with Sun Flow.

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

i mean this is literally $USELESS right now despite all the attention being on Robinhood chain

up ~7% vs $USDT

up vs practically every other established memecoin: up vs $DOGE, $SHIB, $PEPE, $PENGU, $SPX, $FARTCOIN, $WIF, $TROLL, etc

USELESS is literally the MVP of narratives

no memecoin narrative past, current or present can defeat it

they're literally all useless!

i unironically genuinely believe that everything that is happening right now with new chains, memecoins, etc is very bullish for USELESS coin

it makes it pretty clear that there is only one narrative and destination that matters at the end of the day: USELESS!

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

$USELESS has held up incredibly well over the past few weeks

this is despite:

• the $ANSEM liquidity blackhole during ANSEM's recent run to a $400m market cap
• the recent BNB chain meta that saw several new coins hit $50m+ market cap within 24 hours
• the current Robinhood chain meta that continues to suck liquidity out of everything else

all while:

• OI continues to increase across all venues
• aggressive whale and smart money accumulation continues across DEXs and CEXs
• mindshare continues to grow thanks to the narrative strength and strong underlying metrics

i have consistently said that i think USELESS is the $DOGE / $SHIB type runner of this cycle

and i think the odds are pretty good that it goes parabolic soon

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

$USELESS is the $DOGE / $SHIB type runner of this cycle

its parabolic explosion to new ATHs and then multi-billions will be violently aggressive

$ANSEM, $CASHCAT and all the recent new mega runners do not invalidate this thesis

if anything, they actually increase the odds of it happening much faster

sometimes all you need to do is pay attention to the data

just watch and screenshot this!

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

$ANSEM ripping from 0 to $400 million in one week

a new memecoin on Robinhood chain ripping from 0 to $145m in just days

multiple runners spawning on BNB Chain, each ripping from 0 to $70m+ within 24 hours

all of these are signs that liquidity conditions are changing (for the better!)

especially with all of this happening near the bear market lows

and they're unironically incredibly bullish for $USELESS, which has by far the strongest-looking chart of any established memecoin and is just starting to break out after a multi-month consolidation

interestingly, USELESS has held up remarkably well through all of these recent events

it's trading higher than it was before ANSEM launched a week ago, higher than before the recent BNB runners, and is holding up relatively well despite the Robinhood chain liquidity suck

you can't say the same thing about ANY other established memecoin. not a single one!

i've seen so many people waiting for lower entries as USELESS rallied from its $25m lows to $100m

'i'll buy once $BTC makes new lows'

only for BTC to make new lows while USELESS held strong, continued making higher highs and higher lows, and even printed new highs

but now overall liquidity conditions are starting to improve

and this looks exactly like the kind of environment you see before an established, oversold memecoin like USELESS goes on a nasty parabolic run

i think the next wave of parabolic memecoin moves is going to catch a lot of people completely off guard...

and USELESS is going to lead it

[Eagle Eye @EagleEye_Crypto]

Believe it or not but $Useless is a billion dollar ticker

It's coded
Study strength!

[doug funnie @cryptoklotz]

useless update:
-overcoming new high after new high on its BTC pair.
-USD chart looks even better.
-this pump has been in progress for 5 months.
-the last few weeks of this have occurred when the ansem memecoin has been a liquidity sponge. useless keeps pumping undeterred (very important/high-signal)

people hate useless, but if you white-label this chart, it's one of the 2-3 strongest in the entire space. one of those "do you want to 'feel right', or make money" type of bets.

probably one of maybe 2-3 prev-gen memecoins poised to sweep its prev USD ATH based on relative strength

[Zyprech @ZYPREXW]

solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk is just 10x from a billion market cap
and 100x from 10 B

[freedomjackk🌘 @freedomjackk]

$USELESS touched 98M again.

The run will be for the books.

There is no "if" only "when" 🟡

[Boots @bootzz]

$USELESS - volume is supporting the current breakout

looks like whales were quietly positioning over the weekend, look at that CVD candle

higher for longer

fading is $USELESS

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

@bootzz yeh

$USELESS doing 500% more than its average daily Binance perps volume for a while now over the last 24 hours

all while OI and price continues to grind up

is a pretty big deal

this goes full blown parabolic soon IMO!

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

everyone was so damn sure $BTC was going to $30k just two weeks ago

the main bear thesis?

'$STRC is imploding'

'Saylor will be forced to sell Bitcoin'

'it'll trigger a death spiral'

then Saylor announced he intends to sell $1.25 billion in Bitcoin last week...

and $BTC went up

today, Strategy disclosed its first meaningful BTC sale ($216 million)...

and we're up again

so what's the bear case now?

[Sam @samdip01]

Soon everyone on ct will start talking about solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk and it’s comeback arc

[Zyprech @ZYPREXW]

solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

fc $USELESS 4h

compare this USELESS chart to that of literally every other memecoin since $ANSEM came out

then decide whether you want to bid or not

'nuff said!

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

$USELESS is looking incredibly strong today 👀

it is up 8% while almost every other major memecoin is in the red

USELESS continues to form higher highs and higher lows while most other established memecoins continue to make new lows

how many times have we seen this before?

we saw this repeatedly last quarter, and the end result was USELESS finishing the quarter up more than 200% against USDT, $BTC, and $SOL

except this time, USELESS is coiling in an extremely tight range and looks on the verge of an aggressive breakout

even more bullish is the fact that all of this is happening alongside the following:

• the OI-to-market cap ratio continues to improve. USELESS currently has the highest OI-to-market cap ratio across Binance and every other exchange where it is listed, and it is not even close
• perps volume on Binance has exploded over the last 24 hours. it is currently more than 500% of its average daily perps volume over the past several months, all while funding remains neutral. are traders anticipating a big move?
• on-chain data continues to point to aggressive whale accumulation across both CEXs and DEXs, more so than almost any other memecoin
• USELESS continued to show relentless relative strength even while $ANSEM acted as a liquidity black hole on Solana, and now again as several BNB Chain memecoins are also becoming liquidity black holes across the memecoin ecosystem

i've studied and traded memecoins for three cycles now, and every single time i've seen a setup like the one $USELESS is showing today, it has been followed by an explosive upside move

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

time to finally lock in again!

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

$USELESS has now spent 53 days consolidating within its current range

all while:

• $BTC is reversing from its lows and printing daily green candles
• $SOL continues to outperform the majors, creating the perfect environment for Solana memecoins to run
• $ANSEM is reigniting collective belief in the trenches by reaching highs we haven't seen in a long time
• USELESS' OI-to-market-cap and volume-to-market-cap ratios remain exceptionally strong compared to other memecoins
• whales continue their streak of aggressive accumulation, both on-chain and across CEXs
literally everything is aligning for a full-blown parabolic melt-up in $USELESS

at this point, i'm far more interested in when this breaks out than whether it will

i expect the move to be extremely aggressive once it finally leaves this range