In the fast-paced world of meme coins, $USELESS on Solana is making waves with a significant bounce in its metrics. A recent tweet from Bradydon, co-founder of HawkFi, highlights this surge, attributing it to smart liquidity strategies. Let's dive into what this means for traders and liquidity providers in the meme token space.
Understanding the $USELESS Surge
$USELESS, a satirical meme token launched on Solana in May 2025, pokes fun at the crypto world's obsession with "utility." Despite its name, it's far from useless in terms of market action. As of recent data, the token boasts a market cap around $350 million, with prices hovering near $0.35. What's exciting is the recent bounce: impressive gains in price, trading volume, and yield opportunities.
Bradydon's tweet captures this momentum: "Print the sideways grind up. Biggest bounce in price, volume, and yield $USELESS." This sideways grind refers to periods of consolidation where prices move horizontally before breaking out. For $USELESS, this has translated into a rally, with reports of up to 27% price surges in short periods, driven by smart money inflows and increased on-chain activity.
The attached stats in the tweet show extended fee-to-TVL (Total Value Locked) ratios, illustrating hourly yields and growth percentages. For instance, over 24 hours, the fee/TVL hit 1.57%, with an hourly rate of 0.07%, and a whopping +69.5% change. These numbers highlight how liquidity pools for $USELESS are generating substantial fees relative to the locked value, making it attractive for yield farmers.
HawkFi's Go-To DLMM Strategy: Wide, High Frequency, Ping Pong
Bradydon shares his preferred approach using HawkFi, a Solana-based platform for automating liquidity provision on protocols like Meteora and Orca. DLMM stands for Dynamic Liquidity Market Maker, a type of concentrated liquidity AMM (Automated Market Maker) that allows providers to focus liquidity in specific price ranges for better efficiency and higher fees.
The strategy? "Wide, high frequency, ping pong." Let's break it down simply:
Wide: This means spreading liquidity across a broader price range. Instead of tight bins (small price intervals), a wide setup covers more ground, reducing the risk of being ranged out during volatility—common in meme coins like $USELESS.
High Frequency: Involves frequent rebalancing. HawkFi automates this, adjusting positions rapidly without swaps to capture fees from high trading volumes. This is ideal for meme tokens with explosive but short-lived hype.
Ping Pong: A classic quant strategy where liquidity "bounces" between buy and sell sides. It exploits oscillations in price by automatically repositioning liquidity to catch trades on both sides. On HawkFi, this can be set with parameters like 10-3-10, meaning adjustments across certain bin spreads.
In the thread, a reply from Trish Cardosi asks: "How many bins? 200? Ping pong 10-3-10 or wider?" Bins refer to the discrete price intervals in DLMM pools. For high-frequency setups, 200 bins might provide granularity, while ping pong parameters define the rebalance thresholds—10 bins out, 3 in the middle, 10 back.
According to HawkFi docs, such strategies can yield high APYs in volatile markets, but they require monitoring to avoid impermanent loss. For $USELESS, this approach has amplified yields during the bounce, as seen in the stats.
Why This Matters for Meme Token Enthusiasts
Meme coins like $USELESS thrive on community hype and liquidity. With Solana's low fees and high speed, tools like HawkFi make it easier for anyone to participate in yield farming without constant manual tweaks. If you're new to this, start small: Experiment with HawkFi's High Frequency Liquidity (HFL) templates, which are tailored for scenarios like sideways grinds or bounces.
Recent news shows $USELESS defying broader memecoin dips, eyeing all-time highs. Smart money accumulation and listings on major exchanges like Coinbase are fueling this. For blockchain practitioners, this is a prime example of how DeFi tools can turn meme volatility into profit.
If you're looking to dive deeper, check out HawkFi's cookbook for more on ping pong setups, or track $USELESS on DEX Screener. Stay tuned to Meme Insider for more updates on Solana memes and strategies to level up your crypto game. What's your take on $USELESS—useless or undervalued?