Bithumb Listing Ignites Useless Coin Surge

Useless Coin (USELESS) has seen significant gains after its listing on Bithumb, a major exchange in Asia. The memecoin's price surged by over 19% in the past 24 hours, with weekly gains exceeding 169%. This rally comes after three days of correction from $0.3188.

The exposure to the Asian market and listing on Bithumb are key drivers behind this surge. The Open Interest (OI) for USELESS hit a new all-time high of $146 million, more than double its peak in October 2025. A whale also pumped capital into the memecoin, pulling 14 million tokens worth $3.20 million from Coinbase Prime Custody to a private wallet.

The transactions showed that institutions are accumulating USELESS for the long haul. Traders should watch chain activities of these wallets, including market makers, to gauge their next moves. The memecoin's uptrend is slowly gaining strength, but it still trades 64% away from its all-time high of $0.4375.