If you're deep into the world of meme coins on Solana, you've probably heard of $USELESS. This satirical token, which proudly boasts zero utility and embraces the chaotic fun of crypto, has been making waves in the Bonk ecosystem. Recently, Unipcs—better known as 'Bonk Guy'—shared a telling chart on X that has the community buzzing. Let's break it down and see what's going on with this absurdly entertaining meme token.

The Tweet That Started It All

Bonk Guy, a prominent figure in the Bonk community, posted a screenshot from DexScreener showing the 12-hour chart for $USELESS paired with SOL on Raydium. The tweet links directly to the DexScreener page, highlighting a clear downtrend. No caption needed—the image speaks volumes.

As you can see, the chart features a blue descending trendline, with the price dipping to around $0.2403, marking a 30.23% drop. Volume sits at about 927K SOL, indicating some activity but not enough to reverse the slide just yet.

What Is $USELESS Anyway?

Launched in early May 2025 via LetsBONK.fun, $USELESS is a Solana-based meme token that's all about poking fun at the hype around 'utility' in crypto. Forget DeFi protocols or NFT integrations—this one's pure vibes, degeneracy, and community-driven chaos. It's part of the broader $BONK ecosystem, which has spawned several hits in the meme space.

With a fully diluted valuation (FDV) hovering around $242M and liquidity of about $5.3M, $USELESS has a market cap close to that figure, thanks to its 1 billion token supply. No fancy roadmaps here; it's a self-aware joke that resonates with traders tired of overpromised projects. Check out their official X account @theuselesscoin for more memes and updates.

Breaking Down the Chart: A Bearish Signal?

The chart shared by Bonk Guy shows a classic downtrend over recent months, with peaks in July and August giving way to steady declines through September and into October. Key points:

• Price Action: Starting from highs around $0.45, it's trended lower, touching $0.24. That blue line? It's a resistance trendline connecting lower highs—textbook bearish.
• Volume Trends: The bar chart at the bottom reveals sporadic spikes, but overall volume has tapered off, suggesting waning interest or profit-taking.
• Market Context: Solana meme coins have been volatile, with broader crypto market dips affecting sentiment. $USELESS isn't alone; many peers are seeing similar patterns.

Is this a buy-the-dip opportunity or a warning sign? Meme tokens thrive on hype, and with no intrinsic value, sentiment can shift fast. Recent data shows $USELESS up 48% weekly in some reports, but the chart tells a longer-term story of correction.

Community Reactions and Replies

The tweet sparked over 100 replies, with community members chiming in. Some highlighted other tokens like $DUSD, which burns supply from creator rewards, while others shared memes or called for a pump. One user noted $USELESS and $KORI as potential runners in the Bonk space. It's clear the Bonk community is active and optimistic, even amid the dip.

What Does This Mean for Meme Token Investors?

If you're eyeing $USELESS, remember: meme coins are high-risk, high-reward. The downtrend might signal a consolidation phase before the next leg up, especially if Solana's ecosystem heats up. Keep an eye on volume spikes and community engagement—those are often precursors to pumps.

For more on Solana memes, explore our knowledge base at Meme Insider. Whether you're a seasoned trader or just dipping your toes, staying informed on charts like this can help you navigate the wild world of crypto.

Stay useless, stay fun! 🚀