# Useless Coin cryptocurrency market volatility

> Live situation record from CLSTR: https://clstr.news/situations/useless-coin-cryptocurrency-market-volatility
> Updated: 2026-09-11T02:00:14.000Z. Sources: 3. Developments: 3.

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.

## Timeline

### 2026-09-11: 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 sources. https://clstr.news/cluster/useless-memecoin-faces-20-correction-after-500-monthly-surge

### 2026-09-08: 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.

2 sources. https://clstr.news/cluster/useless-coin-rallies-following-bithumb-listing-and-whale-activity

### 2026-09-05: 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.

2 sources. https://clstr.news/cluster/useless-coin-hits-10-month-high-following-300-rally

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Cite as: Useless Coin cryptocurrency market volatility. CLSTR, https://clstr.news/situations/useless-coin-cryptocurrency-market-volatility