Bonk Guy: USELESS's Current Performance Is 'Strikingly Similar' to PEPE's Parabolic Surge in 2023

Deep Tide TechFlow reports, on September 8, trader Bonk Guy (Unipcs) posted that he has been trying for months to tell people that everything about USELESS currently looks 'strikingly similar' to PEPE before its parabolic surge in 2023. This includes volume structure, open interest expansion, early relative strength, market timing, and its initial outperformance of the market. He stated that after reviewing the charts, USELESS's trajectory is almost a replica of PEPE's movement before its parabolic surge in 2023. Bonk Guy mentioned that he saw people ignoring USELESS when its market cap was $50 million, only to buy in at $200 million, and suspects more will buy in after its market cap surpasses $1 billion. He believes there seems to be a phenomenon in the crypto market: the higher the price, the more attractive the asset appears. While history doesn't repeat itself exactly, it often rhymes, and this 'rhyme' is becoming increasingly evident now.