Once just another meme coin riding the Solana summer hype, Useless Coin (USELESS) has become anything but that for early traders; many are now clocking six-figure profits.
But as the token’s price stalls around $0.28 and smart money starts thinning out, the question becomes: how long can this meme float before the sell pressure wins?
Top Wallets Already In Profit And Might Be Eyeing the Exit
According to the GeckoTerminal Traders tab, 9 of the top 10 wallets are deep in the green. One address has flipped over $1.19 million in realized gains, with another clocking $869,000, and so on down the list. Even wallets that didn’t start big have turned five-figure buys into monster flips.
This isn’t just “some profit.” These wallets bought USELESS early; average entry prices range from $0.008 to $0.09, and have now unloaded millions. With most already exiting a majority of their positions, the risk of further USELESS price dumps from remaining bags is high.
Distribution Suggests Whale Control
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Author: Ananda Banerjee