[REVISION HISTORY]

Useless Coin cryptocurrency market volatility

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-09-10 04:36 UTC → 2026-09-11 04:57 UTC · added ~~removed~~

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. ~~Large-scale accumulation was also noted, including~~ Following a ~~whale moving 14 million tokens, valued at $3.2~~ 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 ~~a private wallet.~~ $157.63 million during the correction.

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