Useless Coin Surges 19% on Bithumb Listing and Whale Accumulation

Useless Coin (USELESS) has seen a significant surge in value after listing on Bithumb and large whale accumulation. The memecoin has gained over 19% in the past 24 hours, with its weekly gains exceeding 169%. This rally comes after three days of correction from the $0.3188 level.

The exposure to the Asian market through the Bithumb listing contributed to this surge, increasing trading activity among participants. The Open Interest (OI) of USELESS hit a new all-time high of $146 million, more than double its peak OI of $70 million in October 2025.

Large whale accumulation also played a significant role in the rally, with one investor pulling 14 million USELESS tokens worth $3.20 million from Coinbase Prime Custody to a private wallet at the $0.215 zone. Institutions are also accumulating, with major transfers going to Fireblocks Custody and cold wallets.

While the memecoin's transactions indicate that serious players are accumulating for the long haul, there is still caution around the bearish $0.30 supply zone. If USELESS drops below $0.20 as support, bears may gain control.