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Unpacking the Useless Meme Coin Phenomenon: A Deep-Dive into Its Rise and Narrative Power

Unpacking the Useless Meme Coin Phenomenon: A Deep-Dive into Its Rise and Narrative Power

Have you ever heard of a meme coin so "useless" that it’s making waves in the crypto world? That’s the story of #Useless, a cryptocurrency that’s turning heads and wallets upside down in 2025. A recent thread by Miyamoto @iruletrenches on X dives deep into this phenomenon, and it’s got everyone talking. Let’s break it down and see why this "useless" coin might just be the next big thing.

The Unexpected Rise of #Useless

Miyamoto’s thread starts with a fascinating observation: his crypto-savvy friends (the "CT" crowd) struggled with #Useless, either overtrading, selling too early, or missing the boat entirely. Meanwhile, his "normie" friends—people new to onchain crypto like $XRP and $ADA holders—jumped in and outperformed everyone. One friend even went all-in at a $6 million market cap, betting it could rival the entire crypto market’s $3.5 trillion valuation. And guess what? That bold move paid off with a jaw-dropping $400k profit!

What’s wild is this newbie investor is still holding strong, showing how sticky the #Useless narrative has become. Miyamoto points out that this friend had never bought onchain crypto before, yet the story of #Useless clicked instantly—comparing it to the likes of Dogecoin and Shiba Inu. This suggests that sometimes, the simplest ideas can ignite the biggest trends.

Why the Narrative Sticks

So, what makes #Useless so captivating? Miyamoto argues it’s the power of the narrative. The coin’s "uselessness" has turned into a cult-like following, with holders seeing it as their shot at owning the next big meme coin. Think of how Dogecoin and Shiba Inu rode similar waves to multi-billion-dollar market caps. The belief in the story—however absurd—drives the value, turning #Useless into a self-fulfilling prophecy.

This isn’t just hype; it’s psychology at play. Meme coins thrive on community enthusiasm and social media buzz, often outpacing coins with solid tech because of their viral appeal. Miyamoto’s thread highlights how "normies" and mainstream investors are latching onto this, proving that a compelling story can outweigh technical expertise.

Trading Lessons from the Curve

Miyamoto introduces an interesting concept: the "left curve" and "right curve" traders versus the "mid-curvers." The left-curvers (early adopters) and right-curvers (latecomers who catch the peak) are winning, while those in the middle—overanalyzing or hesitating—get left behind. This ties into a broader trading strategy known as the curve steepener trade, where timing and belief in the trend matter more than traditional analysis.

For #Useless, this means the early believers—like Miyamoto’s friend—reaped the rewards by aping in early and holding tight. It’s a gamble, sure, but one that’s paying off for those who trust the narrative. The lesson? In the wild world of meme coins, sometimes intuition beats strategy.

The Cult of #Useless

What’s truly surprising is how #Useless holders are turning into cultists. Miyamoto notes that this devotion mirrors the fervor around Dogecoin and Shiba Inu, where community belief fueled massive runs. This cult-like behavior could push #Useless to a multi-billion-dollar market cap, especially as it gains traction globally.

The thread also includes some fun visuals, like this quirky image of a "Glonk" character:
Glonk character from the Useless coin thread

This playful tone adds to the coin’s charm, making it relatable and shareable—key ingredients for meme coin success.

What This Means for Crypto Enthusiasts

So, should you jump on the #Useless bandwagon? Miyamoto ends with a humble disclaimer—"what do I know, I’m just a #useless guy"—but the thread sparks some big questions. For blockchain practitioners and investors, #Useless is a case study in how narratives drive value in the meme coin space. It’s a reminder that while tech matters, the human element—belief, community, and timing—can be just as powerful.

If you’re new to meme coins, check out our Meme Coin 101 guide to get started. And for the latest updates, keep an eye on threads like this one—because in the crypto world, the next big thing might just be the most "useless" idea yet!

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