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i'm seeing a lot of similarities between $USELESS and $BONK before i took my legendary BONK trade in 2023 (where i turned $16k into $20m peak UPNL)
• BONK ran to $200m+ after launch, then corrected to $20m and consolidated there for months before the next leg up to multi-billions
• USELESS ran to $450m after launch, corrected to $25m, and has consolidated around that range for months now... what next?
• both launched and outperformed for a sustained period at a time when the trenches were pretty much dead and nobody expected any solid memecoin to emerge
• both were dismissed and considered dead at the bottom; i vividly remember how many thought BONK was dead when i took my long at the bear market lows and posted my first five-figure PNL. many begged me to 'take profits,' as if that was the end. BONK went on to do 200x from my entry
• both have a somewhat similar chart structure if you zoom out a bit
• similar 'cabal' FUD on both whenever they pump
i genuinely think USELESS has the best potential to pull a move similar to BONK when i took my legendary long back in 2023
as a result, i’ve opened a small leveraged perps position in addition to my spot bags
i’ll be posting PNL updates for this trade as things evolve, starting today
just don’t call me the 'USELESS guy' when this explodes 😅