Market Sentiment & Personal Stance - Some investors panicked and questioned the author's involvement due to a brief absence, despite on-chain data showing no token sales [1] - The author maintains a positive outlook on USELESS, having not sold any tokens and even increasing their position during a recent dip [2] USELESS Coin Thesis & Fundamentals - The core thesis of USELESS coin, highlighting the existence of other "useless" coins with significantly higher market caps, remains unchanged [3] - USELESS coin's fundamentals have improved, including listings on major exchanges like Coinbase and Kraken [6] - Kraken holds approximately 45% of the USELESS supply, and CEX balances are increasing, indicating retail accumulation [6] - Whales and smart money continue to accumulate USELESS aggressively, demonstrating conviction in its potential [6] - On-chain volume for USELESS is strong, accelerating during corrections, suggesting dips are being bought [6] Market Comparison & Volatility - Memecoins are inherently volatile, and price corrections should be evaluated in the context of the underlying thesis [3] - USELESS coin has a better drawdown-from-ATH ratio compared to other memecoins like FARTCOIN (down 75%), PEPE (down 68%), and WIF (down 85%) [4] - The memecoin sector as a whole is worth $70 billion, with individual cryptocurrencies like XRP reaching over $160 billion [5] Community & Awareness - Strong community support is crucial for a project's survival during market dips, and USELESS has an edge in this regard [6] - Increased awareness, even through negative attention ("fudding"), can contribute to higher upside potential once momentum returns [6]
X @Unipcs (aka 'Bonk Guy') ๐
Unipcs (aka 'Bonk Guy') ๐ยท2025-09-01 23:24