Hey there, meme coin enthusiasts! If you’ve been keeping an eye on the wild world of cryptocurrency, you’ve probably heard the buzz around Useless Coin (USELESS). On July 2, 2025, at 04:34 UTC, the official Useless Coin account dropped a bombshell: the token has now minted 36 millionaires, all while boasting "utility: zero." Let’s dive into what this means and why this quirky meme coin is turning heads in the blockchain community.

The Meme Coin Phenomenon

For those new to the scene, meme coins are cryptocurrencies inspired by internet jokes or trends, often lacking traditional utility but gaining value through community hype. Think of Dogecoin or Shiba Inu—they started as fun experiments but exploded in popularity. Useless Coin takes this to the next level by proudly declaring no practical use, yet it’s creating millionaires left and right. This latest update, posted as tweet ID 1940267693564993872, shows the number of millionaires jumping from 22 (reported on June 23) to 36 in just nine days. That’s a rapid rise that’s got everyone talking!

A Quick Look at the Numbers

The thread traces Useless Coin’s millionaire count over time:

• June 10: 1 millionaire
• June 11: 5 millionaires
• June 14: 10 millionaires
• June 23: 22 millionaires
• July 2: 36 millionaires

This growth mirrors the wild volatility meme coins are known for. According to CoinGecko, Useless Coin has seen a 79.30% price surge in the last seven days, outpacing the broader crypto market. With a 24-hour trading volume of $35.2 million, it’s clear this token is riding a wave of excitement, especially within the Solana ecosystem.

Why Zero Utility Doesn’t Mean Zero Value

You might be wondering: how does a coin with no utility create so much wealth? The answer lies in speculation and community-driven hype. Meme coins often thrive on the "greater fool theory"—buyers purchase in hopes of selling to someone else at a higher price. Useless Coin’s transparent lack of purpose seems to amplify its appeal, turning it into a satirical statement on the crypto market itself. Plus, with active trading pairs like USELESS/SOL on Raydium, it’s easy for enthusiasts to jump in.

Community Reactions

The X thread is buzzing with reactions. Users like @gem_detecter are asking, “When 100?”—hinting at expectations for even more millionaires. Others, like @lyndonmmm, call it a “$shitcoin,” reflecting the divisive nature of meme tokens. Meanwhile, @H73617461Hazel reminisces about when there were just five millionaires two weeks ago, showcasing the coin’s meteoric rise.

Some posts even include fun visuals. For instance, @Luckyram9887 shared an image of a “Useless Blockchain” coin, while @unbelieveablemz posted a cute cartoon of dog-like characters holding “BOOPA” signs. These images add a playful layer to the conversation:

What’s Next for Useless Coin?

As of 05:57 PM +07 on July 2, 2025, Useless Coin’s journey is far from over. The lack of utility might deter traditional investors, but for meme coin fans, it’s part of the charm. With traders and influencers urging the team to “pump it” (e.g., @flow0x_), and calls to join other token families like $BOOPA, the community is pushing for more growth.

However, as CoinMarketCap notes, meme coins are high-risk investments due to their volatility and susceptibility to scams. If you’re thinking of jumping in, do your homework and only invest what you can afford to lose. For blockchain practitioners, this is a fascinating case study in how hype and community can drive value—utility or not!

Final Thoughts

Useless Coin’s rise to 36 millionaires is a testament to the unpredictable nature of meme tokens. Whether you see it as a genius satire or a risky gamble, it’s undeniably making waves. Stay tuned to meme-insider.com for the latest updates on Useless Coin and other meme token trends. What do you think—will we see 100 millionaires soon? Drop your thoughts in the comments!