Bonk Guy Calls USELESS Again: Nearly $12 Million in Whale Inflows Over the Past Month

BlockBeats news, September 17, Bonk Guy posted that the Solana ecosystem meme coin USELESS has accumulated approximately $12 million in whale capital inflows over the past month, which he believes is a scale that has "almost no rival" among other Solana meme coins.

He stated that he had previously mentioned that Wintermute has been continuously buying USELESS through funds from Binance and Bybit, with cumulative purchases reaching the multi-million-dollar level. Meanwhile, on-chain data also shows that over the past month, a large number of other whales have cumulatively bought over $10 million worth of USELESS.

Bonk Guy believes that as USELESS restarts its rally, continued whale accumulation may become a market focus, and he expects price volatility could significantly amplify by then.

As of the time of publication, USELESS has a market cap of $233 million, with a 24-hour gain of 6.66%. Bonk Guy currently holds a USELESS position worth $3.7 million, with unrealized gains as high as $2.86 million.