In the fast-paced world of meme coins, few stories capture the essence of crypto's wild side like that of Useless Coin ($USELESS). Built on the Solana blockchain—a high-speed network known for low fees and quick transactions—this token has been making waves recently. A recent tweet from @theunipcs, a prominent voice in the crypto community, highlights how $USELESS is gaining mainstream attention despite its cheeky name and volatile price action.
The tweet points out that while many might have missed it amid a sharp pullback, major publications like The Street, Rolling Stone, and Yahoo Finance have covered $USELESS in the last day or so. For instance, The Street ran a piece titled "'Useless Coin' surges only to tumble after Coinbase listing," detailing how the token spiked on news of its listing on Coinbase, one of the biggest crypto exchanges, before dipping. Similarly, Yahoo Finance echoed this narrative, emphasizing its status as a hot Solana-based meme coin.
But here's the twist: just 24 hours after that article, $USELESS was up nearly 30% again, trading around $0.2777 on exchanges like MEXC. This rebound underscores the unpredictable nature of meme coins, where hype and community drive can flip the script overnight.
@theunipcs argues that this media coverage, even if it seems negative at first, is pure gold for $USELESS. In crypto, "no press is bad press," especially for a token whose entire gimmick is being "useless." It draws eyes, builds mindshare, and amplifies the narrative. Meme coins thrive on virality, and getting listed on Coinbase opens the floodgates to retail investors who might not venture into decentralized exchanges.
What makes $USELESS stand out in a sea of meme tokens? According to the tweet, it's got:
- The best memecoin narrative this cycle: Embracing absurdity in a market full of serious projects.
- A cult-like community: Loyal holders who rally around the fun, ironic vibe.
- Unavoidable buzz: Media and social platforms can't resist talking about it, boosting visibility.
- Major exchange access: Now on Coinbase and other central exchanges (CEXs), unlocking liquidity for explosive growth.
- Low market cap: Sitting under $300 million, it's primed for big upsides as the broader market heats up.
As liquidity conditions improve and "animal spirits" take over—crypto slang for irrational exuberance—tokens like $USELESS could see massive pumps. The poster warns that underestimating this at current levels could be a mistake, especially with the whole meme coin sector poised for a rally.
For those new to meme coins, these are digital assets often inspired by internet jokes, animals, or absurd concepts, with little to no utility beyond speculation and community fun. Solana has become a hotspot for them due to its efficiency, hosting hits like Bonk and Dogwifhat. $USELESS fits right in, poking fun at the crypto space itself.
Community reactions in the replies echo this excitement, with users hyping the token's potential and even tying it to broader ecosystems like Bonk. While some promote other projects, the overall sentiment is bullish on $USELESS leading the charge.
In summary, $USELESS exemplifies why meme coins remain a thrilling part of blockchain tech. Its recent Coinbase listing and media frenzy could be the spark for the next big run. If you're in the crypto game, keeping an eye on tokens like this—volatile as they are—might just pay off. As always, do your own research and invest wisely in this degenerate corner of the market.