USELESS Coin Trends on Solana: No Utility, Big Gains
USELESS Coin, a satirical meme coin on the Solana (SOL) blockchain, has taken the crypto community by surprise. Launched just over a month ago via the LetsBONK Fun meme coin launchpad, the token comes with no whitepaper, no roadmap, and explicitly no utility—embracing its name in full.
Price Surge and Market Cap Growth
After hitting an all-time low (ATL) of $0.004 in early June, USELESS Coin staged a dramatic rebound. The token skyrocketed to a new all-time high (ATH) of $0.10, marking an astonishing 2,000% increase. This rally briefly pushed its market capitalization to $101.9 million.
As of the latest data, USELESS Coin is trading at $0.080, reflecting a 15.2% increase over the past 24 hours and a staggering 487.5% gain over the last week. It’s also now ranked among CoinGecko’s top six trending tokens.
A user on social media noted:
USELESS is up over 2,000% from the lows earlier this month and has outperformed every top memecoin this month, including DOGE, SHIB, PEPE, SPX, FARTCOIN, and WIF.
Whale Activity and Community Interest
Trading volume has surged to $23.22 million, up 60.8% from the previous day, signaling strong community interest. USELESS Coin now boasts around 12,480 holders.
According to Lookonchain, a well-known Bonk community figure, Unipcs, acquired 2.8% of the token’s supply—or 28.08 million USELESS—for $381,900. This position is now valued at over $2.3 million. However, Lookonchain also noted that “despite this gain, Unipcs remains in the red overall, with 44 of their 48 token investments currently at a loss.”
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
