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USELESS
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this explains why $BONK hasn't ripped aggressively over the past week despite its incredible fundamentals and aggressive BonkFun-driven buybacks
now that the sell pressure is done, what's stopping it from ripping higher?
i think we have an explosive week for BONK
not just bonk, but for #USELESS coin and all of BonkFun eco too
send it!

First $400m, then a small accumulation, $500m+, a 10-20% pullback and then a pump to $1B 💎
#useless has such a clean chart - perfect example of greed at work
@theunipcs created a token that taught a lot of lessons and already changed many lives
Look at the chart - does anyone still doubt the billions?
I’d even say $useless could overtake $fartcoin and we might see it happen soon 👀
I don’t talk about greed for nothing, it’s greed, FOMO, and haters that did so much for $useless!


🔴FN Hotspot Express丨After listing on Binance, the price of $USELESS skyrocketed. How many insider trades are there?
Binance Alpha announced the listing of $USELESS, and its BSC chain token briefly surged past 0.6 USDT, increasing by over 50%. What are the risks behind this frenzy? Is USELESS a highly controlled token, and is its chip structure healthy?
The on-chain analysis account Onchainmetrics recently published a lengthy article analyzing on-chain data around USELESS to respond to concerns about the "Bonk Cabal" controlling all chips, and presented the project's real distribution structure and internal wallet behavior through on-chain tracking.
🐭What is "insider trading"? — Profile of early buyers
The "Insider" referred to in Onchainmetrics' analysis is defined as addresses that completed purchases within the first two hours of USELESS's launch, during which the project's market cap was between 150,000 and 300,000 USD. This definition not only includes project insiders but may also encompass some "lucky early bird" users.
Based on this analysis, 18 Insider wallets and over 300 "Insider Descendants" (associated sub-wallets) were identified, forming the core sample of this tracking.
🧭Distribution: Proportion of Insiders vs. Retail Investors
Statistics show that the 18 Insiders and their sub-wallets hold a total of 16.12% of the total supply of USELESS, while later buyers (approximately 25,000 addresses) hold the remaining 83.88%.
This also means that, although there are indeed "insider trades" with large early holdings, there is no concentration phenomenon of "Bonk Cabal controlling all chips"; the claim of "absolute monopoly supply" does not hold.
👤Insider structure: Major holders are mostly individuals
Further network structure analysis of these Insider wallets, after removing all bot and smart contract addresses, identified multiple "insider trading clusters" with financial connections to each other.
Notably, most heavyweight Insider wallets do not belong to any cluster but are held by individuals. The largest single Insider wallet currently holds 2.82% of the supply, while the largest cluster holds 1.85%. This indicates that the current chips are mainly concentrated among a few individuals rather than organized groups.
💎The vast majority of insiders choose to "hold" or continue buying
Onchainmetrics constructed a comprehensive evaluation formula based on holding volume, historical holding, and selling behavior, selecting 8 of the most representative Insider wallets for visual analysis of their trading behavior.
The results show that almost all of these 8 wallets are in a state of "holding or increasing positions," with only 1 wallet showing significant selling behavior. Considering that the asset scale of these wallets generally reaches seven figures or higher, the collective choice to "hold" is particularly striking and reflects their optimism about the future market.
💱Insider cluster behavior: Some clusters are still distributing
Unlike individual behavior, the overall Insider clusters are in a "gradual distribution" phase. Current liquidity mainly comes from two clusters: Cluster 1 has 1.9% of the remaining tokens, and Cluster 12 has 0.53% left. Other clusters have either completed distribution or are still silently holding.
Send to see the chip tracking summary 🧐:




About Useless Coin (USELESS)
Useless Coin FAQ
What is cryptocurrency?
Cryptocurrencies, such as USELESS, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as USELESS have been created as well.
Can I buy USELESS on OKX?
No, currently USELESS is unavailable on OKX. To stay updated on when USELESS becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of USELESS fluctuate?
The price of USELESS fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
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