The Useless Coin Trap – A Warning About One of the Biggest Crypto Scams
$USELESS Coin is quickly revealing itself as one of the biggest scams in the crypto space. On Twitter, countless blue-tick influencers are aggressively promoting the token, not out of belief in its value, but to help early cabal wallet holders sell off their large holdings. Just 15 hours ago, the coin reached an all-time high of $0.41, and those same influencers were celebrating the pump while encouraging innocent retail investors to buy in. However, what happened next was telling—within a few hours, the price crashed to $0.307, exposing the coordinated dump by insiders.
As of July 29, Useless Coin has 27,660 holders. Out of these, 26,517 small investors have only contributed around $31 million in total and collectively control just 9.85% of the supply. Meanwhile, the top 99 wallets alone hold 455 million tokens, with an average entry price of $0.02. These whales are now waiting for more retail traders to enter so they can dump their overpriced tokens for massive profits.
Only 15% of the token supply is currently available on the open market, yet the project claims a $315 million market cap on paper. Behind the scenes, the top 99 cabal wallets, along with the next 959 wallets, control around 800 million tokens out of the 999 million total supply. In other words, this token is dangerously centralized and heavily manipulated. When retail buyers enter, they unknowingly provide exit liquidity for these early scammers—who will not hesitate to dump once the timing suits them. Proceed with extreme caution.
