USELESS has reached a new high in the number of addresses holding the token, Bonk Guy said in a post on his personal channel. He described a recurring pattern over the past several months in which USELESS outperformed the market, underwent a sharp correction, consolidated and then reached another high. The token's market capitalization has risen from a low of about $28 million several months ago to approximately $318 million. Bonk Guy said short-, medium- and long-term trends all show progressively higher highs and higher lows, which he considers different from the characteristics of a topping meme coin (community-driven cryptocurrency).