Bonk Guy Compares USELESS to Pre-2023 PEPE; Upbit to List USELESS/BTC and USELESS/USDT

Chainthink

Release Time: 2026/09/08 11:04:52

USELESS

$0.2405-13.03%

Summary

As reported by ChainThink, on September 8, prominent trader Bonk Guy noted that USELESS’s current trajectory closely mirrors the pre-2023 PEPE pattern, featuring similar trade structures, holding expansions, early relative strength, market timing, and early outperformance. Bonk Guy added that some traders had previously shorted USELESS at a $50 million market cap, only to chase the rally once it reached $200 million, with others likely waiting until it surpasses $1 billion before entering. Earlier, Upbit announced the listing of the USELESS/BTC and USELESS/USDT trading pairs. As altcoins under observation attract increased attention, the Fear & Greed Index remains a key indicator of market sentiment.

ChainThink reports that on September 8, according to a post on X platform, renowned trader Bonk Guy stated that the current price action of USELESS closely mirrors the pattern seen before PEPE’s launch in 2023, with highly similar characteristics in trading structure, position expansion, early relative strength, market timing, and initial outperformance.

Bonk Guy said that some people shorted the asset at a $50 million market cap, then bought in after it rose to $200 million, and more are expected to wait until the market cap exceeds $1 billion before purchasing.

Earlier, Upbit announced the listing of the USELESS/BTC and USELESS/USDT trading pairs.

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