Useless Coin Surges Amid Bitcoin Breakout and Memecoin Rotation
Useless Coin (USELESS) has seen significant gains over the past 24 hours, outperforming the overall crypto market as it benefits from Bitcoin's breakout and a rotation into memecoins.
The market capitalization of the overall market has increased by 4.2% to $2.91 trillion, while the Fear & Greed index stands at 78, indicating a strong risk appetite in the market.
Bitcoin's breakout has been the key catalyst for USELESS' gains, with the memecoin rotation adding further momentum to its rally. PEPE and other memecoins have shown good gains along with high trading volumes, indicating increased buying activity in the space.
Whales are taking advantage of the recent bullish push by accumulating more orders, with the total supply held by whales with over $1 million worth of USELESS tokens standing at 57%.