In the fast-paced world of meme coins, where hype can make or break a token overnight, $USELESS is turning heads for all the right reasons—or should I say, the "useless" ones? This Solana-based meme token, launched in early May 2025 via the LetsBONK.fun platform, proudly embraces its lack of utility as its core gimmick. It's a satirical jab at the crypto space's obsession with "real-world use cases," and yet, it's managed to build a dedicated community and secure spots on major exchanges. But lately, things have quieted down, leading many to write it off. A recent tweet from @Noostlgic suggests otherwise, highlighting signs that $USELESS might be gearing up for a comeback when least expected.

Breaking Down the Bullish Signals for $USELESS

The tweet points out several key metrics that could signal a rebound for $USELESS. Let's unpack them one by one, keeping things simple for anyone new to crypto trading.

First up: the Relative Strength Index (RSI) is oversold at 40. RSI is a popular technical indicator that measures the speed and change of price movements on a scale of 0 to 100. Typically, an RSI below 30 screams "oversold," meaning the asset might be undervalued and due for a bounce. At 40, $USELESS is still in that low territory, suggesting sellers have exhausted themselves, and buyers could step in soon. For context, the token is currently trading around $0.16 to $0.18, down from its all-time high (ATH) of about $0.38— that's a roughly 60% drop, as noted in the tweet. This kind of discount often attracts bargain hunters in the meme coin space.

Next, there's the involvement of Wintermute, a major crypto market maker known for providing liquidity to exchanges. According to the tweet, Wintermute is holding a $1.5 million position in $USELESS, which they reportedly entered around the $200 million market cap level. Market makers like Wintermute don't throw money around lightly; their presence can stabilize trading and signal confidence to other investors. You can check similar entity holdings on platforms like Arkham Intelligence, though values fluctuate with price—current estimates put it closer to $550K based on recent data.

The tweet also checks off "major exchanges ✅," which aligns with $USELESS's recent listings that have driven rallies in the past. While specifics aren't detailed, sources like CoinGecko show it's available on several platforms, with rumors swirling about a potential Binance spot (more on that below). These listings boost visibility and trading volume, which for a meme token can translate to viral momentum.

Finally, the sentiment angle: "Everyone thinks it's dead." In crypto, contrarian plays often pay off. When hope fades, that's when smart money accumulates. $USELESS's market cap hovers around $180 million with a circulating supply of about 999 million tokens, per CoinMarketCap. With 24-hour trading volumes in the millions, it's far from dormant.

What the Community Is Saying: Replies and Reactions

The tweet sparked a lively discussion in the replies, blending optimism, promotions, and a dash of skepticism—classic X (formerly Twitter) style.

Several users chimed in with bullish takes. One suggested watching bid depth rise and sell walls shrink, advising to set option-flow alerts and scale in with tight stops—trader speak for entering positions gradually while managing risk. Another predicted a short squeeze followed by a moonshot, emphasizing the potential for rapid upside when shorts get caught off guard.

A few replies plugged other tokens like $KORI, a common tactic in meme coin threads to ride the hype wave. But the real intrigue came from hints at bigger developments. When asked what $USELESS is "building," @Noostlgic teased "@binance (maybe, just maybe...)." If true, a Binance listing could be a game-changer, as seen with other Solana memes like $BONK, to which $USELESS is loosely tied.

Not all feedback was rosy, though. User @RealReedOne raised potential red flags, pointing to pending intellectual property concerns and the project's Telegram group being deleted after a "notice of preservation"—likely a legal term for preserving evidence in a dispute. They shared screenshots to back it up.

This image shows a USPTO search for "Useless," with a live pending trademark for electronic transfer of cryptocurrency owned by an individual named David Wyly. It's unclear how this directly impacts the token, but trademarks in crypto can lead to branding disputes.

The second screenshot captures chats from the now-deleted Telegram, where users discussed transferring $USELESS between chains like BSC (Binance Smart Chain) and Solana, highlighting some community confusion early on.

@Noostlgic brushed it off with a yawning emoji, suggesting it's old news or not a big deal. In the meme coin arena, such hurdles aren't uncommon, but they're worth monitoring.

On a lighter note, @NoBanksNearby shared a fun meme replying "My favorite kind of '$USELESS'. 😉"

This quirky image of an astronaut pondering art in a cozy room captures the absurd, "useless" vibe that makes the token endearing to its fans.

Why $USELESS Could Be Worth Watching

$USELESS isn't trying to revolutionize finance—it's here to poke fun at the industry while potentially delivering gains. As articles from CryptoNews and 99Bitcoins suggest, its self-aware branding has positioned it as a top contender for 2025's meme coin crown. With strong on-chain metrics, growing holders, and that contrarian edge, it fits the bill for those hunting underrated gems.

Of course, meme coins are volatile—do your own research, and remember, this isn't financial advice. If the tweet's right, the best moves happen when hope is lost. Keep an eye on $USELESS; it might just prove useful after all.