Useless Coin
Weekly token report
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Executive Summary
Useless Coin (USELESS) is a cryptocurrency with a market capitalization of $59,984,024 and a current price of $0.059988. It currently holds a low-risk score of 27/100, indicating a generally stable, though complex, investment profile. The project boasts a healthy revenue-to-emissions ratio of 1.15, with a positive net revenue of $137,099 over the last 30 days.
Several significant risks warrant attention. The most critical is an extremely high holder concentration, with the top 10 wallets controlling 93.7% and the top 50 holding 99.1% of the supply, creating severe centralization risk and potential for price manipulation. Additionally, the project lacks transparency, with no public GitHub repository or information regarding team size, headquarters, or doxxed status, raising accountability concerns. Lastly, the total DEX liquidity of $284,086 is notably low relative to its market cap, suggesting potential for significant price impact from larger trades.
Despite these concerns, USELESS demonstrates some notable strengths. Its contract security is excellent at 10/100, and owner privileges are renounced, suggesting a robust technical foundation. The project also exhibits a healthy supply health, with 100% of its nearly 1 billion total supply circulating and 0% ownership by the top 100 exchanges, indicating no immediate inflationary pressures.
Moving forward, investors should closely monitor the highly concentrated token distribution for any significant whale movements that could impact market stability. The project's ability to attract partnerships and improve transparency regarding its development team and activities will be crucial for long-term viability and broader adoption. Addressing the low DEX liquidity could also mitigate price volatility.
Live market data
Price Chart
Risk score
A top holder has reduced their position by 1.1% in the past 24 hours
Holder concentration remains moderately high at 34%
Early signs of distribution imbalance observed across wallets
Liquidity has increased by 12% this week, improving market depth
Active wallets
+2.3%
Liquidity
+$1.2M
Trading volume
+8.4%
Holder count
-6.8%
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