🫡 Every
$USELESS dip is a useful opportunity.
And looking at the flows, I’m backing BonkGuy on this one 👀
Macro still looks rocky. Risk appetite isn’t exactly back.
Yet
$USELESS continues attracting fresh participants while trying to carve out a base.
📊
$USELESS 7D onchain via
@nansen_ai
• -12.1% over 7D after a healthy correction
• Fresh wallets: $428.7K inflow
• Public figures: $5.2K inflow
• 17,129 holders
• Fully circulating supply
• Support repeatedly holding around $0.062–0.064
🧠 What stands out
• Seller exhaustion starting to show
• Fresh capital continues entering
• Holder count remains strong
• No unlock overhang or dev dumps to worry about
• Early signs of a base forming after the pullback
📌 TLDR
I’m not ignoring the risks.
• whales and smart traders de-risked
• exchange inflows remain elevated
• macro hasn’t turned
But corrections are where opportunities get created.
And despite all the BTC doomposting,
$USELESS is still attracting fresh participants while attempting to build a floor.
What’s particularly interesting is the Top 100 holder activity 👇🏻
Despite the correction, the largest holders (whale balances 12% over 7D) were net accumulating while new large holders continued establishing positions.
That’s usually what you want to see during a bottoming process:
• weaker hands distributing
• stronger hands absorbing
• supply rotating into conviction
The recent shift back toward positive inflows suggests that process may already be underway.
If you’re already holding a bag, the flows still look more like a hold than a panic sell.
If you don’t have a bag, this feels like the phase for hunting entries rather than chasing green candles.
Nobody rings a bell at the bottom.
The best entries rarely feel comfortable.
And
$USELESS feels a lot less crowded today than it did just a week ago.
BonkGuy called it.
Looking at the flows, holder behavior, and fresh capital entering, I’m inclined to give that view the respect it deserves 🫡
Markets choppy, 👀 still onchain — follow
@Chyan for daily insights. 📶
Use discount code CHYAN via the link in my profile to access the best onchain alpha flow dashboards on
@nansen_ai.
gut says you should be bidding
$BTC and buying dips on high conviction useless coins here