autorenew
Useless Coin Surges 378% as Only Green in Solana Top 20 Memecoins Amid Market Dip

Useless Coin Surges 378% as Only Green in Solana Top 20 Memecoins Amid Market Dip

In the fast-paced world of cryptocurrency, where fortunes can flip in hours, one Solana-based memecoin is making waves by bucking the trend. According to a recent post from @thesolanapost, $USELESS (@theuselesscoin) stands out as the only top 20 Solana memecoin showing gains over the past 24 hours, with an impressive 378% surge.

Memecoins, for those new to the space, are cryptocurrencies inspired by internet memes, often lacking traditional utility but driven by community hype and viral trends. On Solana, a high-speed blockchain known for low fees and quick transactions, these tokens have exploded in popularity, creating overnight sensations and sometimes equally quick fades.

The post highlights a snapshot of the current rankings, where $USELESS sits at position 240 with a price of $0.378633 and a market cap of $374.96M. In stark contrast, heavyweights like $BONK (rank 95, down 5.2% to $0.00001969, $1.524B market cap) and $POPCAT (rank 336, down 6.6% to $0.225634, $221.27M market cap) are bleeding red. Other notables include $BABYDOGE down 0.4%, $DAKU down 2.3%, and even politically themed ones like $TRUMP down 3.7% and $MELANIA down 5.9%.

Screenshot of top Solana memecoins rankings part 1 Screenshot of top Solana memecoins rankings part 2

This anomaly raises questions about what’s fueling $USELESS's rally. Is it a pump from dedicated holders, a viral marketing push, or just the unpredictable nature of memecoins? The token's bio cheekily calls itself "a useless bio for a useless coin," embracing the absurdity that often propels these assets. In the replies to the post, the community is buzzing, with some users shilling alternatives like $MOMO, claiming it could flip bigger names like SHIB.

For blockchain enthusiasts tracking Solana's ecosystem, this serves as a reminder of the volatility involved. While $USELESS enjoys its moment in the green, the broader market dip could signal caution. If you're diving into memecoins, remember to do your own research—DYOR, as the community says—and consider tools like DexScreener for real-time charts or CoinMarketCap for broader insights.

As Solana continues to host some of the hottest memecoin action, stories like this keep the space exciting. Will $USELESS maintain its momentum, or is this just a flash in the pan? Stay tuned to Meme Insider for more updates on the wild world of meme tokens.

You might be interested