USELESS Coin surged nearly 28% in 24 hours with buying power from whale addresses, as the market witnessed new capital inflows. However, the risk of correction still looms as the RSI index enters the overbought region.
USELESS Coin reached a new historical peak at 0.2918 USD with a market capitalization growth of over 31% and trading volume increasing by 34.62%. Large capital inflows from top holders are accumulating strongly, but technical indicators warn of the possibility of fluctuations.
MAIN CONTENT
The top 100 USELESS addresses have increased their holdings to nearly 53% of the total supply, reflecting strong confidence.
Tokens on exchanges have sharply decreased to 4.89%, creating a 'supply shortage' that pushes prices higher.
Derivative data shows investors are multi-faceted with strong increases in open volume but Long/Short below 1.
USELESS Coin skyrockets thanks to increased accumulation by whales
The analysis director of TinTucBitcoin stated that the surge of 27.52% in 24 hours for USELESS Coin has been significantly contributed by whales. According to a report by Nansen (07/2025), the top 100 addresses have expanded their holdings to 529 million Tokens, accounting for 52.96% of the total supply. This reflects a strong belief in the price growth potential of this memecoin.
"The strong accumulation by whales usually reflects positive fundamental expectations for the Token, providing momentum for sustainable growth phases."
Alex Kim, CEO of TinTucBitcoin, 12/07/2025
The controlled growth of supply by large holder groups also creates opportunities to limit circulating supply, contributing to higher price pressure in the short term.
The 'supply shortage' situation on the exchange: a positive sign for USELESS prices
According to the latest data from Nansen, the amount of USELESS Tokens on exchanges has decreased by up to 55.06% in the short term, currently around 48.9 million Tokens, accounting for 4.89% of the total supply. The trend of withdrawing Tokens from exchanges indicates that investors are holding assets in cold or personal wallets, reflecting price increase expectations.
"When the amount of Tokens on exchanges decreases sharply, it reduces selling liquidity, creating upward pressure for the currency."
Julia Tran, cryptocurrency analyst, 10/07/2025
Market history shows that this behavior often signals sustainable growth, as investors avoid panic selling due to positive future expectations.
How does derivative data analyze the volatility of USELESS Coin?
The CoinGlass analysis agency reports that the Open Interest (OI) in the USELESS futures market has increased by 228.50%, reaching 10.7 million USD. Meanwhile, the trading volume in futures has also increased by 7.14%, indicating a new influx of capital into new open positions.
However, the current Long/Short ratio is 0.9376, below 1 indicating that many investors are betting on a downward trend, while the coin's price continues to rise sharply. This creates a contradiction in market sentiment.
Current Value Index Trend Meaning Open Interest (OI) 10.7 million USD (+228.50%) Strong increase Investors are opening many new positions Futures Volume 8.72 million USD (+7.14%) Slight increase Capital inflow into the futures market increases Long/Short Ratio 0.9376 (below 1) Below 1 Short-term selling pressure stronger than buying
Will USELESS Coin continue to rise or prepare for a correction?
The RSI technical index measured on the daily chart of USELESS reached 89.29, entering the overbought region, often warning of price adjustment pressure in the short term. Meanwhile, the MACD indicator still maintains a buy signal with a value of 0.05528, proving the strength of the upward trend has not completely faded.
The Long/Short index below 1 and RSI at overbought levels indicate that short-term investors may adjust down towards the support area near 0.239 USD.
Source: TradingView
Frequently asked questions
What is driving the price increase of USELESS Coin? The increase is mainly due to whales increasing their holdings, reducing the amount of Tokens on exchanges, and new capital inflows into the market according to Nansen and CoinGlass data. Can USELESS continue long-term growth? Buying power from whales and technical momentum support the upward trend, but RSI warns of short-term corrections, investors should closely monitor fluctuations. How does a low Long/Short ratio affect the market? A ratio below 1 indicates many short positions, which can create downward pressure or short-term corrections even though the fundamental trend remains positive. What impact can a decrease in Token volume on exchanges have? A smaller volume of Tokens on exchanges reduces selling liquidity, creating conditions for prices to rise when buying demand exceeds supply on the exchange. What should investors do next? Investors should consider the risks of overbought phenomena and monitor technical signals to make appropriate decisions.
Source: https://tintucbitcoin.com/useless-coin-tang-27-phe-gau-bam-gia/
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