#useless
🚀 $USELESS Token Analysis: Whales Fix Profits?
The $USELESS chart shows increased volatility: after a quick jump to a peak of ~128M market cap, the price has retreated and is currently trading around 109.80M.
We analyzed the on-chain data and the chart to understand where the price is heading next:
📊 Main on-chain signals:
➡️ Massive Take-Profit from Top Traders: Most top traders are in significant profit and are actively unloading coins. Sales volumes (SOLD) significantly outweigh purchases.
➡️ High concentration in the hands of whales: The top 10 wallets control about 30% of the entire emission ($2M–$5M per wallet).
➡️ Connected clusters (Bubblemaps): The network of affiliated wallets is clearly visible on the connection map. This indicates the presence of a large market maker or insider group that controls a significant part of the supply.
🚦 What to expect from the price?
🔴 Main scenario: Due to constant selling pressure from top holders, there is a high probability of a correction to the support zone of 100M - 104M.
🟢 Alternative scenario: A repeated attempt to break through 120M+ is possible only in the event of an influx of new retail buyers, which will block whale sales.
⚠️ Conclusion: Entering a position at current levels is risky. It is more logical to wait for the completion of the unloading of whales or confirmation of the support zone.
🚀 $USELESS Token Analysis: Whales Fix Profits?
The $USELESS chart shows increased volatility: after a quick jump to a peak of ~128M market cap, the price has retreated and is currently trading around 109.80M.
We analyzed the on-chain data and the chart to understand where the price is heading next:
📊 Main on-chain signals:
➡️ Massive Take-Profit from Top Traders: Most top traders are in significant profit and are actively unloading coins. Sales volumes (SOLD) significantly outweigh purchases.
➡️ High concentration in the hands of whales: The top 10 wallets control about 30% of the entire emission ($2M–$5M per wallet).
➡️ Connected clusters (Bubblemaps): The network of affiliated wallets is clearly visible on the connection map. This indicates the presence of a large market maker or insider group that controls a significant part of the supply.
🚦 What to expect from the price?
🔴 Main scenario: Due to constant selling pressure from top holders, there is a high probability of a correction to the support zone of 100M - 104M.
🟢 Alternative scenario: A repeated attempt to break through 120M+ is possible only in the event of an influx of new retail buyers, which will block whale sales.
⚠️ Conclusion: Entering a position at current levels is risky. It is more logical to wait for the completion of the unloading of whales or confirmation of the support zone.
