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3 clusters · 3 sources · 6 days · First seen · Last updated

Useless Coin cryptocurrency market volatility

Overview

Useless Coin (USELESS) underwent a period of intense volatility and rapid price appreciation in early September 2026.

Initially, the memecoin experienced a 300% rally within a single week, reaching a 10-month high of $0.286 on September 4. This surge was driven by aggressive spot buying and high derivatives trading activity. Following this peak, the token saw a 12.1% decline within 24 hours, accompanied by a 20% drop in Open Interest.

By September 8, the asset saw renewed momentum, gaining approximately 38% in one day and over 169% within a week. This secondary rally was attributed to increased exposure in the Asian market following a listing on the Bithumb exchange. Market activity intensified with over $500 million in funds flowing through the token in a 24-hour period and Open Interest reaching an all-time high of approximately $146 million.

Following a monthly price surge of over 500%, the token faced a 20% correction on September 11. This decline was driven by derivatives deleveraging and increased exchange supply. During this 24-hour period, Open Interest fell by 28.46% to $115.29 million, signaling aggressive position closures. Total 24-hour liquidations reached $2.75 million, with long positions accounting for $1.53 million of that total. Trading volume also decreased by 13.65% to $157.63 million during the correction.

Entities

Useless Coin · Kraken · Coinbase Prime · AMBCrypto · MemeToro

Timeline

  1. about 15 hours ago

    [BUSINESS] 2 sources
    USELESS memecoin faces 20% correction after 500% monthly surge

    The USELESS memecoin saw a 20% price correction following a 500% monthly rally, driven by derivatives deleveraging and rising exchange supply.

  2. 3 days ago

    [BUSINESS] 2 sources
    Useless Coin rallies following Bithumb listing and whale activity

    Useless Coin has surged over 160% in a week, driven by a Bithumb exchange listing, high perpetual market inflows, and significant whale accumulation totaling millions of dollars.

  3. 6 days ago

    [BUSINESS] 2 sources
    Useless Coin hits 10-month high following 300% rally

    Useless Coin (USELESS) hit a 10-month high of $0.286 after a 300% weekly rally, though recent price action suggests a potential pullback.

Sources

ambcrypto.com · bitcoinethereumnews.com · en.bitcoinsistemi.com

This summary has been updated 1 time: see revision history