Gate News bot message, according to CoinDesk, DNTV Research analyst Bradley Park in Seoul stated in an interview: “The $USELESS phenomenon is related to Korean KOLs.” At the core of it all is the Korean KOL and liquidity provider Yeomyung, who got involved with USELESS early on and still holds after experiencing a 50% fall, now reaping substantial paper profits.
Parker said: “During the time of Trump’s big promotion in the crypto world, he made a lot of money. And USELESS also allowed him to profit early by providing Liquidity, and now he is just holding it.”
“They are all waiting for the listing on centralized exchanges (CEX), because without it, there is no real exit strategy.”
Park tracked Yeomyung’s wallet activity and pointed out that his early convictions sparked follow-on trading among South Korean retail investors. The rise of USELESS reflects a broader evolution of market behavior in South Korea.
“I really think that Korean users in this market are no longer just withdrawing liquidity,” he said. “They are starting to understand this market and are developing into real global participants.”
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