Useless Coin rallies following Bithumb listing and whale activity

Useless Coin (USELESS) has experienced a significant price surge, gaining approximately 38% in a single day and over 169% within a week. This rally is attributed to several factors, including increased exposure to the Asian market following its listing on the Bithumb exchange against KRW.

Market data indicates strong interest in the perpetual market, with over $500 million in funds flowing through USELESS in a 24-hour period. Open Interest (OI) reached a new all-time high of approximately $146 million, signaling a rise in buy contracts. Additionally, large-scale accumulation has been observed, including a whale moving 14 million tokens worth $3.2 million from Coinbase Prime Custody to a private wallet.

Despite the bullish momentum, technical indicators suggest potential volatility. A liquidity cluster near the $0.097 level may pose a pullback risk, and the asset currently trades significantly below its all-time high of $0.4375.