$PIPPIN and $USELESS topped yesterday’s top 16 whale inflows list!
That’s the 2nd consecutive day of USELESS taking the top 2 spot in whale inflows.
The rest of the top 16 whale inflows ⤵️
#1 PIPPIN
#2 USELESS
#3 ALCH
#4 ME
#5 FARTCOIN
Is there a pattern emerging in the assets whales continue accumulating across Solana?
$PIPPIN and $USELESS topped yesterday’s top 16 whale inflows list!
That’s the 2nd consecutive day of USELESS taking the top 2 spot in whale inflows.
The rest of the top 16 whale inflows ⤵️
#1 PIPPIN
#2 USELESS
#3 ALCH
#4 ME
#5 FARTCOIN
Is there a pattern emerging in the assets whales continue accumulating across Solana?
$USELESS - breakout here results in fresh highs IMO
USELESS has been consolidating for over a month now while the rest of the market put in new lows / chopped down
the time is coming soon where $USELESS puts in a parabolic move & many will wish they had bought sub 100M
this is one of the best bets for the upcoming cycle - presenting a good trade on the LTF & HTF
not smart to fade the top performer since March
$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
i actually care about other coins
i've been most vocal about $USELESS because it's the coin i'm most bullish on right now... by far
just compare the $USELESS weekly chart with the $PEPE, $SPX, or $WIF charts attached
do the same for $DOGE, $SHIB, $TRUMP, $PENGU, $FARTCOIN or literally every major memecoin and you'll see the same thing. there’s literally no exception!
$USELESS isn't even my biggest memecoin holding
and i've slowly started scaling into other positions
i've been vocal about it not because it'll make me the most money (i could make more money pushing other coins i have more exposure to)
but because, from everything i can see right now, it has by far the most bullish chart in the memecoin market and the fundamentals align for it to make the most parabolic move from here
and it's not even close!
$USELESS / $BONK
seeing a near identical pattern with USELESS & 2023 BONK
initial surge to 9 figures ; multi-month time based capitulation ; explosive move to new ATHs
USELESS is tracking this BONK rounding bottom fractal - the only missing piece is fresh ATHs
with July looking promising - I would not be surprised to see USELESS follow in BONK's footsteps with a parabolic move
$USELESS to fade a chart this good
$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
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!
@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!
$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
$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
going to say this again
for crypto, think the downside is very very limited at this point. the worst of it is imo certainly over if the bottom isn't already in.
the challenging aspect may be that we haven't done the time capitulation yet like we historically get where volatility dies and we trade in a one percent range for 6 months as price starts to coil and tighten and every fakeout means we are going to 0 and then to 600k. that may still happen and price may just compress into a smaller range as time passes. something to consider. it is very rare to v reverse.
i continue to advocate for owning both crypto, and equities. you don't need to be loyal to one or the other
@jords i know you said no more memes, but i am finding it really -really- difficult to look past the appeal of solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk 🙃