If you're deep into the world of Solana meme coins, you've probably heard of $USELESS – the token that's anything but, especially when it comes to market drama. A recent tweet from @skmakeit on X has the community buzzing about the September monthly update for this quirky asset. Let's break it down in simple terms and see why it might be signaling another epic run.
Whales vs. Retail: The Flow Story
In crypto lingo, "whales" are the big players with massive holdings, while "retail" refers to everyday investors like you and me. According to the update, whales have been net buyers to the tune of over $2.1 million in September. That's a green bar screaming accumulation. On the flip side, smaller holders – sharks, dolphins, and fish – are showing red across the board, with outflows totaling millions. It's like the big fish are feasting while the little ones swim away.
This data comes from the Sun Flow app, a handy tool for tracking these movements on Solana coins. If you're curious about other tokens, check it out at sun-flow.app.
Echoes of the Past: From Crash to Boom
The post draws a parallel to a previous dip where $USELESS tanked 90% to a $5 million market cap. Whales stepped in back then, buying up what retail was dumping. The result? A jaw-dropping 80x surge to $400 million in just weeks. Now, with whales buying since the $260 million level broke down to recent lows, it feels like history might be repeating itself.
Look at that chart – it's a visual reminder of the token's wild ride, with gains north of 1,500% highlighted. The real question buzzing in the thread: How big could the next pump be?
Community Reactions and Broader Implications
The thread sparked some lively replies. One user joked about wanting to be as "useless" as the whales, while another pointed to cyclical patterns waiting for a trigger. There's even a plug for a related "utility" coin, showing how meme narratives evolve. For meme token enthusiasts, this underscores a key lesson: Watch the flows. When whales accumulate amid retail panic, it often precedes big moves.
At Meme Insider, we're all about decoding these trends to help you navigate the chaotic world of blockchain memes. $USELESS on Solana is a prime example of how sentiment, data, and patterns collide. Whether you're holding, buying the dip, or just observing, tools like Sun Flow can give you an edge in spotting the next big thing.
Stay tuned for more updates on $USELESS and other Solana standouts. What's your take – is this the setup for another 80x? Drop your thoughts in the comments below.