one of the most important signals i pay attention to when a project dips or experiences a sell-off is the holder growth
a lot of new holders rapidly coming in during sell-offs is a bullish signal, because it means there are a lot of people actively watching on the sidelines and waiting for an entry
a project's holder count reducing with sell-offs is bearish, however
the price of a token only goes up when there are more buyers than sellers, and it's natural for profit-taking to happen by some of the early holders at some point
if a lot of new buyers and holders keep stepping in every time there's a sell-off, it's almost always a smart idea to buy the dip
this is why i continue to post regular updates about USELESS coin's holder growth metric:
almost every time there's a large sell-off, hundreds or thousands of new holders step in to absorb the sell pressure, and days later the token makes a new ATH
at times, many who have been waiting for a dip to size in or increase their position get so spooked by how sudden and aggressive the dip is that they refuse to buyโonly to watch in frustration as the price makes new highs days later while they're sidelined
USELESS coin hit a new ATH of $420 million yesterday and is down 27% today
ordinarily, a 27% correction on an asset you think has a strong future screams buy
but sometimes it's not easy to press the button, which is why you look at the fundamentalsโe.g., holder growth
what does this look like for USELESS coin right now?
- 164 new hodlers in the past 4 hours
- 518 new holders in the past 12 hours
- 732 new holders in the past 24 hours
- 1,462 new holders in the past 3 days
- 2,888 new holders in the past week
these are very impressive numbers!
the holder growth chart also shows a very important detail: USELESS coin's holder count has consistently trended upward throughout this month
if i had to make a decision just based on the holder count, i'd say this is a buy!
another signal is smart money:
smart money and whales continue to accumulate USELESS coin aggressively on every dip
a combination of the holder signal + smart money metric shows that USELESS is not done yet
volume is yet another signal:
$USELESS has done $58 million in volume over the last 24 hours
for a memecoin not listed on any T1 CEX, this is very impressive
it's also worth noting that USELESS does an average of $40m - $60m in volume daily, with peak volume hitting $70m+
this sustained, consistently impressive volume shows very strong interest in the project
naturally, USELESS has had the most sustained parabolic rally of any memecoin this year, so there would be people taking profits at some point
however, i believe the fundamentals continue to consistently show that the market deems this to be the hottest memecoin to launch this yearโas well as one of the hottest to launch this cycle
billions and billions remain my target for USELESS coin
GOD WILLING
We currently have $72,000 worth of $ANI to donate for listings, I will donate my own bags if necessary to secure the next stage of growth.
Definitely these listings and going to the next level isnโt cheap so I know that anything goes a long way, one thing no one can take away from us is weโre willing to donate our own money to help the community win. ๐ซก
I now own a total of 1% of $ANI using my *personal* money.
Will continue buying on any dips that occur.
Reason I like it:
Itโs Elonโs new flagship release, itโs memeable and it allowed grok to be #1 in Japan so I believe it has long term staying power.
Been a long time since Iโve sized into something and shared on the timeline, will share more of what Iโm buying overtime but it was due!
For those of you donโt know we donated over 7 figs towards Useless listings ( most havenโt been announced yet) and are also publicly buying tokens with 1% of our revenue each week!