In the wild world of meme coins, where volatility is the name of the game, $USELESS is making waves on Solana. A recent post on X by data enthusiast Chyan (@Chyan) sheds light on why this tongue-in-cheek token is capturing attention, even as its price takes a slight hit.

The post, quoting the official $USELESS account (@theuselesscoin), dubs it the "meme currency of futility" and backs it up with some impressive on-chain data from Nansen AI. For those new to the term, net inflows refer to the net amount of capital moving into a token's ecosystem over a period, calculated by subtracting outflows from inflows. Here, $USELESS clocked in at +$440.5K in 24-hour netflows, outperforming other popular Solana memes like $FARTCOIN, which saw +$237.9K.

Despite a -4.7% dip in price, the token's volume surged to $33.6M—way above the sector average of around $500K. This kind of activity suggests strong underlying interest, especially when you factor in the +$378K in whale accumulation from 38 active whales. Whales are big holders who can influence market movements with their large trades.

Adding to the buzz, fresh wallets poured in +$3.2M, indicating a retail investor rush. One standout trade? A whopping $1.7M buy from the SWIFTIES deployer wallet. All this points to $USELESS holding its ground as a "store of value" in the meme space, as the post humorously puts it.

Launched in May 2025 on the Solana blockchain, $USELESS is a satirical take on utility-driven cryptos, embracing its "uselessness" as a brand. With a market cap hovering around $210M and trading at about $0.21, it's already among the top performers in Solana memes, according to sources like CoinMarketCap and CoinGecko. Recent news, including a Coinbase listing, has kept it in the spotlight, though not without some price fluctuations.

What does this mean for traders and blockchain enthusiasts? In the meme token arena, where hype often trumps fundamentals, metrics like netflows and whale activity can signal potential rebounds or sustained growth. $USELESS's ability to attract capital amid a dip shows resilience, possibly positioning it for bigger milestones—like hitting that elusive $1 billion market cap, as speculated in some crypto analyses.

If you're diving into Solana memes, keep an eye on tools like Nansen for real-time insights. And remember, while the data looks promising, meme coins are inherently risky—always DYOR (do your own research).

Check out the full post here for more details and join the conversation on X.