In the ever-volatile world of cryptocurrency, where Bitcoin's movements often dictate the fate of altcoins and meme tokens alike, one coin is standing out for all the right—or should I say, useless—reasons. A recent tweet from crypto trader Miyamoto (@iruletrenches) has spotlighted $USELESS, a meme token that's bucking the trend during BTC's pullback.
The Tweet That Caught Everyone's Eye
Miyamoto, a former investment banker turned trader, posted: "$USELESS is the only non-BNB coin showing strength during this BTC pullback. Oh wait… it’s not a non @BNBCHAIN coin 😁 $USELESS LP on BNB is nearing 1M and it’s been live for months 👀 That alone tells you everything you need to know about where $USELESS is heading. Billions."
This post quotes an earlier one from the same user, featuring a screenshot of $USELESS's performance on PancakeSwap, the popular decentralized exchange on BNB Chain. The stats show a price of around $0.30, with liquidity at $896K—close to that $1 million milestone—and a market cap hovering near $296 million. Impressively, it's up over 14% in the last 24 hours despite broader market dips.
What Makes $USELESS So... Useful?
For the uninitiated, $USELESS is a meme coin that proudly embraces its name. Launched originally on the Solana blockchain and later bridged to BNB Chain via Chainlink's Cross-Chain Interoperability Protocol (CCIP), it markets itself as the "world's most honest cryptocurrency"—promising nothing and delivering exactly that. No grand utilities, no roadmap to the moon; just pure, unadulterated meme energy.
Check out their official site at theuselesscoin.com for a dose of that self-deprecating humor, or follow them on X at @theuselesscoin. According to data from CoinGecko, $USELESS boasts a circulating supply of nearly 1 billion tokens, with a current price around $0.33 and a market cap exceeding $325 million. Its total supply caps at 1 billion, making it fully diluted already.
What stands out here is the liquidity pool (LP) on BNB Chain. Liquidity pools are essentially reserves of tokens and paired assets (like WBNB) that facilitate trading on DEXes. A high LP value means better price stability and less slippage during trades—key for any token aiming to stick around. Hitting nearly $1 million in LP after months of existence suggests strong community backing and organic growth, not just hype-driven pumps.
Why Strength During a BTC Pullback Matters
A "pullback" in crypto terms is a temporary dip in price after a rally, often shaking out weaker hands. Bitcoin, as the market leader, influences most other coins. When BTC dips, meme tokens—known for their high risk and volatility—usually follow suit. But $USELESS holding firm indicates decoupling potential, where the token's value isn't solely tied to BTC's whims.
Traders like Miyamoto see this as a bullish sign. The coin's longevity (live for months without rug pulls or fades) and growing liquidity point to a trajectory toward "billions"—likely referring to a billion-dollar market cap. In the meme coin space, where projects like PEPE and WIF have hit similar milestones, this isn't far-fetched.
Community Reactions and Similar Plays
The tweet sparked replies from other degens, with some shilling alternatives like $KORI, another meme token showing resilience. One user noted, "I would argue $kori is showing strength as well," while others echoed the sentiment for $USELESS. This chatter highlights the competitive yet collaborative vibe in meme coin communities, where strength in one can signal broader sector health.
If you're diving into meme tokens, remember: always DYOR (do your own research). Platforms like CoinMarketCap and DexScreener are great for real-time data.
Looking Ahead for $USELESS
As BNB Chain continues to attract meme coin launches with its low fees and fast transactions, $USELESS could be a frontrunner in this niche. Whether it reaches billions or remains delightfully useless, it's a reminder that in crypto, sometimes honesty—and a good meme—goes a long way. Keep an eye on this one; the charts don't lie.