Historical performance of USELESS COIN on Solana as meme coin signals volatility

Logo/imagery courtesy of on-chain metadata providers.

Market Signals and Historical Performance of a Solana Meme Coin

For readers tracking meme-driven activity on Solana, a close look at how a seasoned token behaves can illuminate the push-pull between hype, utility, and on-chain fundamentals. The token under spotlight shows an established footprint with a price around $0.308 and a market cap hovering near $308 million. It sits in a space where liquidity is meaningful but not boundless, and where a large holder base interacts with episodic volatility. Below, we translate the raw metrics into a readable picture of recent dynamics, without promising outcomes or trading cues.

Market Snapshot

Price (USD): ≈ $0.308
Market Cap: ≈ $307.8 million
24h Price Change: ≈ -3.8%
24h Volume: ≈ $26.38 million
24h Transactions: ≈ 26,005
Age: ≈ 4520 hours (~188 days); established
Volatility index: 0.023 (moderate)
Trend direction: volatile
Volume momentum: steady
Liquidity strength: thin

What stands out here is a blend of substantial market capitalization for a meme play and a liquidity profile that is thinner than the headline figures might imply. A price drift downward over the latest 24 hours sits alongside a comparatively high turnover, suggesting active trading but with ongoing selling pressure in the near term. The “volatile” label reflects wider swings rather than a smooth march in any single direction, a familiar rhythm for meme assets with a loyal, active community.

Liquidity & Holders

Liquidity (USD): ≈ $1.29 million
Liquidity ratio (approx. liquidity / market cap): ≈ 0.42%
Holders: 37,276
Holder dynamics: large community

The liquidity ratio around 0.4% signals a relatively thin liquidity layer compared with the overall market cap. In practice, that means larger trades can move price more than in a market with deeper liquidity, and smaller trades can still have visible effects during periods of stress or enthusiasm. A large, active holder base offers resilience in some scenarios, but it also exposes the market to potential whipsaw when large participants adjust positions. The combination—a sizable market cap with thin liquidity—often correlates with increased sensitivity to sudden order flow shifts.

Momentum Signals

1 hour price change: -0.11%
4 hours price change: -4.58%
12 hours price change: +0.78%
24 hours price change: -3.80%

Momentum readings paint a mixed picture: short windows show small negative moves, a mid-window bounce, and a return to a slight downtrend by the 24-hour mark. The volatility index confirms ongoing variability rather than a calm price environment. Such patterns often reflect shifts in trader attention, microcap rotation, or news-driven cycles that can recur as memes capture or shed interest.

Activity & Participation

Total Volume by window (USD): 1h ≈ $201,974; 4h ≈ $1,061,351; 12h ≈ $10,481,958; 24h ≈ $26,375,938
Transactions (count): 1h ≈ 329; 4h ≈ 1,600; 12h ≈ 10,443; 24h ≈ 26,005
Buy transactions (count): 24h ≈ 12,373
Sell transactions (count): 24h ≈ 13,632
Buyers (count): 24h ≈ 1,157
Sellers (count): 24h ≈ 1,152

Activity and participation metrics reveal robust turnover, with tens of millions moving through the market daily and thousands of on-chain transactions. The balance of buy and sell activity over the last day leans slightly toward selling pressure, and a modestly higher count of sell transactions corroborates the broader price drift observed. The combination of high turnover with a large but not limitless liquidity pool can amplify short-term moves, while also providing opportunities for rapid reactivation if headlines or community sentiment shift.

Age, Context & Behavior

Age (hours): 4520
Age category: established
Social archetype: The Mirage
Meme energy: moderate
Sentiment summary: Sellers outpace buyers in the latest window, signaling caution as the price trends lower.

The data presents an established token that has moved beyond the initial hype phase yet remains susceptible to episodic waves of attention. The label The Mirage evokes the notion that momentum can appear and vanish as social signals refract through on-chain activity. With a moderate meme energy and a perception of thin liquidity, observers should be mindful that price action can be driven by shifts in retail sentiment or a handful of larger addresses.

Risks to Watch

Volatility: The volatile trend direction and mixed 24h results illustrate price swings typical of meme coins; positions can move quickly on sentiment shifts.
Thin liquidity: Liquidity strength is described as thin relative to market cap, which can exacerbate price impact during large trades or unexpected withdrawals.
Smart-contract risk: Like all on-chain tokens, smart-contract implementations can contain bugs or vulnerabilities. Always verify contract sources and auditor information where available.
Speculative dynamics: Meme-driven assets can experience rapid rotation in attention, sometimes decoupled from fundamentals or usage metrics.
Market depth and participation: A large holder base can stabilize or destabilize market moves depending on how liquidity providers act during stress windows.

Note: This section focuses on descriptive observations from on-chain metrics and does not constitute investment advice, signals, or price targets. Readers should approach such assets with balanced risk awareness and careful research.

Research Tips

Always review contract security audits and update histories before considering any interaction with new meme tokens.

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As you explore meme-coin dynamics, stay curious about how on-chain signals align with social chatter. A careful, methodical approach helps separate enduring trends from fleeting hype.

Research responsibly: watch on-chain trends evolve, verify sources, and remember that this article is for educational purposes only and not financial advice.

This article is educational content based on publicly available on-chain metrics. Crypto assets are volatile and risky. Always do your own research.