Deep Dive
1. Binance Listing Sparks Surge (15 August 2025)
Overview:
USELESS surged 55% after its Binance spot listing, becoming the first LetsBONKfun memecoin on the exchange. Pre-listing orderbook activity hinted at insider buying, with price jumping from $0.22 to $0.31 initially. Despite profit-taking, buy-side depth and trading activity rose 298%, hitting $421M volume – 1.5x its market cap.
What this means:
This is bullish for USELESS because Binance’s endorsement amplifies credibility and liquidity, though widened Bollinger Bands ($0.33 resistance, $0.27 support) suggest high volatility. The listing also triggered DEX netflow spikes, reflecting trader rotation. (AMBCrypto)
2. Coinbase Adds USELESS (20 August 2025)
Overview:
Coinbase enabled USELESS trading on its platform and apps via Solana (SPL), contingent on liquidity. This follows its addition to Coinbase’s roadmap on 13 August, alongside tokens like MAMO and TOWNS.
What this means:
This is neutral-to-bullish as it expands U.S. retail access but hinges on liquidity thresholds. Historically, Coinbase listings trigger short-term volatility, though USELESS’s 30-day 188% gain pre-listing may limit upside. (Coinbase, U.Today)
3. Indodax Listing Imminent (8 August 2025)
Overview:
Indonesian exchange Indodax announced plans to list USELESS, following listings on KuCoin and Gate.io. The token’s circulating supply (1B) and meme-driven volatility were highlighted as risks.
What this means:
This is bullish for regional FOMO but carries high risk: 100% circulating supply means whales could dump anytime. Similar to previous launches, a short-term pump is likely, but sustainability depends on broader altcoin sentiment. (Indodax)
Conclusion
USELESS thrives on exchange-driven hype and meme culture, but its lack of utility and full circulating supply make it a high-risk, sentiment-driven play. Will altcoin season momentum override its structural vulnerabilities, or will profit-taking reverse gains?