Bonk Guy Calls USELESS Again: Holding Addresses Hit a New High, Short-, Medium-, and Long-Term Trends Continue to Rise

BlockBeats news, September 23 — Bonk Guy posted that the number of USELESS holding addresses has hit a new all-time high. He noted that USELESS has continued to show a cyclical pattern over the past few months: "outperform the market — sharp correction — consolidation — new all-time high."

Bonk Guy said that USELESS's market cap has risen from a low of about $28 million several months ago to about $318 million, with short-, medium-, and long-term cycles all showing a trend of rising highs and rising lows, and he believes this price action differs from the behavior of meme coins that typically top out.