Market Performance of USELESS Memecoin - USELESS demonstrated resilience by rapidly recovering from a 15% price crash caused by a large sell-off, with the price quickly rebounding to pre-sell levels [1] - The memecoin experienced a surge in new holders who absorbed significant sell-offs, indicating growing market interest and support [1] - USELESS reached a new All-Time High (ATH) shortly after a post that some perceived as negative, suggesting strong underlying momentum [1] - USELESS has shown stronger performance compared to other major memecoins during a market downturn, highlighting its relative strength [1] Community and Narrative - USELESS's success is attributed to a strong and appealing narrative, attracting significant attention from investors and market participants [1] - The project's narrative is considered more compelling than other memecoins, contributing to its relative success and stickiness [1] - The author emphasizes that their involvement is not the sole driver of USELESS's success, indicating a broader community and narrative-driven momentum [1] Investment Strategy and Transparency - The author clarifies they have not sold any USELESS tokens and intend to hold until the project achieves significant milestones, such as clear PVE (Player Versus Environment) and a billion-dollar market capitalization [1] - The author disclosed a leveraged long position on USELESS, opened around a $40 million market cap, with over 1,000% gains, but plans to rotate it into spot holdings due to high funding costs [2] - The author suggests a Dollar-Cost Averaging (DCA) approach for new investors who believe in the narrative, rather than attempting to time the market [1] Future Development - The team is actively engaged with several T0/T1 Centralized Exchanges (CEXs) for potential listings, with the author willing to contribute tokens to support these listings [1]
X @Unipcs (aka 'Bonk Guy') ๐
Unipcs (aka 'Bonk Guy') ๐ยท2025-06-26 16:46