Memcoin called Useless Coin (Useless) on Solana (SOL) updated the historical maximum (ATH) at a level above $ 0.10. Since the beginning of June, the price of this coin has increased by more than 2,000%
Useless capitalization has exceeded $ 100 million. We figure out what is waiting for this coin and whether it is worth following it.
What is happening with useless memcoid
The official Useless Coin website says that Useless Memcoin has no usefulness. The name of the coin is hinting at this: Useless translates from English as “useless.” The token was launched at the end of May through LetsBonk Fun – a platform for generating “meme” coins on SOLANA. The Useless Coin team has not submitted either a roadmap or a technical document.
In early June, Useless reached a historical minimum of $ 0.004. However, Memcoin quickly recovered and demonstrated an impressive growth to ATH at a level near $ 0.10. The capitalization of the coin exceeded $ 101.9 million.
By the time of publication, the cost of Useless has been adjusted and is now $ 0.08. Over the past day, the price of memicin in aggregate has increased by more than 12%, despite a small correction. In the context of the week, the increase reached 465%-Useless Coin entered the TOP-6 of the most popular tokens.
In addition to the price of Useless, the volume of trading to this token has increased significantly. The indicator jumped 60% to $ 23.22 million. This indicates a high demand for Useless Coin.
Currently, the number of Useless Holders is 12,480. Against the backdrop of the rapid growth of memcoin, unrealized profit in some users exceeds several million dollars. According to Lookonchain, one trader acquired 2.8% of the total Useless – 28.08 million coins. In total, the cryptan spent $ 381,900. Now its position costs $ 2.3 million.
The user received significant profit due to the growth of Useless. However, its general balance is in the red. Of the 48 coins in which he invested, 44 left him with losses.
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Source: Cryptocurrency
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