Recently, the Crypto Assets market has witnessed a striking phenomenon: after a week of Sideways consolidation, the price of the useless coin (USELESS) broke through an important resistance level, reaching a high of $0.188 at one point. Although there was a slight pullback afterwards, as of the latest quote, USELESS is still trading at $0.1703, with a daily rise of 13.86%.

What is even more noteworthy is that, alongside the price rise, the trading volume of USELESS has also seen explosive growth, surging by 138% to $67 million, reflecting the market's rapidly increasing interest in this meme coin. So, what is driving the strong upward momentum of USELESS?

Analysis shows that the main driving force behind this round of rise is the active entry of large funds. Statistics from the data platform Nansen indicate that in the past 24 hours, the largest holding address of USELESS has increased its holdings by 58%, bringing the total holding amount to an astonishing 37 million coins. During the same period, the overall holding change increased by 18 million coins, highlighting the strong optimism of large holders towards USELESS.

This massive inflow of funds is often seen as a signal of high market confidence and usually indicates a continuation of the market's strength. Meanwhile, retail investors are also following the footsteps of large players, starting to buy USELESS in large quantities. According to Coinalyze data, the buying volume of USELESS reached 30.6 million coins, while the selling volume was 25.4 million coins, with buy orders clearly dominating, resulting in a net buying volume of 5.2 million coins.

In addition, the capital flow in the foreign exchange market further confirms the strong momentum of USELESS. This combination of various positive signals not only reflects the current market's enthusiasm for USELESS but also provides strong support for its future trend.

However, investors still need to be cautious and closely monitor market trends. The meme coin market has always been highly volatile. Although USELESS has performed remarkably in the short term, its long-term value remains to be further validated by the market. When making investment decisions, risk factors should be fully considered, and a rational attitude should be maintained.