Useless Coin falls 13.19% as $1.68 million token unlock adds pressure

  • USELESS declined as broader crypto weakness and sector rotation pressured the token.
  • USELESS trading volume fell 23.73% during the same 24-hour period.
  • CoinGlass recorded roughly $90,570 in net spot outflows after the supply unlock.

Useless Coin [USELESS] fell 13.19% in 24 hours as a broader crypto-market correction, sector rotation and weaker participation pressured high-beta and meme assets. Trading volume declined 23.73%, while a $1.68 million supply unlock released 5.6 million USELESS from Coinbase Prime Custody and Cold Storage. About 1.53 million tokens, worth roughly $465,000, moved to Wintermute’s market-making engines, and another 721,000, valued around $210,000, reached Gate.io. However, CoinGlass data showed spot net outflows of roughly $90,570, meaning withdrawals exceeded deposits during the period and partly offset the additional circulating supply. USELESS retreated after testing $0.3460 but held the $0.29083 support, while RSI stabilized near 61.38 and Parabolic SAR remained below the market price around $0.21435. A sustained defense of $0.29083 could support a retest of $0.3460, with a breakout potentially bringing $0.4000 into view; a loss of support would expose $0.23450.

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