If you've been keeping an eye on the wild world of meme coins on Solana, you might have come across $USELESS—a token that's anything but forgettable despite its name. Recently, crypto analyst @skmakeit dropped a compelling thread on X (formerly Twitter) that's got the community buzzing. In his post, he breaks down why this seemingly stagnant token could be on the verge of a explosive move upward.

What is $USELESS?

$USELESS is a Solana-based meme token launched in May 2025, designed as a satirical jab at utility-obsessed cryptocurrencies. As its name suggests, it proudly boasts zero practical use, embracing the pure meme culture that's fueled massive gains in the crypto space. Trading under the ticker $USELESS, it's available on platforms like Raydium and has a market cap hovering around $289 million, with a current price of about $0.29 according to CoinMarketCap and CoinGecko.

Built on the fast and low-cost Solana blockchain, $USELESS operates as a standard SPL token. It's paired with SOL on decentralized exchanges, making it easy for traders to jump in. While it started as a joke, its community-driven hype has turned it into a notable player in the meme coin arena.

The Current Consolidation: A Setup for Volatility

In his analysis, @skmakeit points out that $USELESS has been stuck in a "violent range" since early October. The price hasn't budged much overall, but the swings within that range have been intense—think high volatility without net progress. This is classic consolidation in trading terms: when an asset trades sideways, building up energy for the next big move.

He warns that this is the phase where many investors get bored, sell off, or chase shinier opportunities elsewhere. But that's a mistake, he argues. The token's been bouncing around a $240 million market cap range, and when it breaks out, the move could match that volatility in magnitude—potentially sending the price skyrocketing.

Predicting the Breakout to $3

The real excitement comes from @skmakeit's bold call: once sentiment in the Solana ecosystem flips bullish, $USELESS could shatter its range and surge past $3. That's a massive leap from its current levels, driven by sidelined capital rushing back in with FOMO (fear of missing out). He's so confident that he's doubling down on his position.

This prediction aligns with broader trends in meme coins, where consolidation often precedes parabolic runs. Solana's ecosystem, known for its speed and low fees, has been a hotbed for memes like this, especially as the blockchain continues to gain traction.

Community Reactions and Broader Implications

The thread sparked reactions from the community, with users like @presidentpush linking it to other tokens like $KORI, and @icefrog_sol noting that "smart money loves boring charts." Others expressed impatience or agreement, highlighting the token's meme appeal.

For blockchain practitioners and meme enthusiasts, $USELESS exemplifies how narrative and community can drive value in crypto, even without "utility." If Solana's overall sentiment improves—perhaps with market recoveries or new developments—this could indeed trigger the breakout @skmakeit envisions.

As always in crypto, do your own research and consider the risks. Meme coins are volatile, and while the upside can be huge, so can the downsides. Keep an eye on $USELESS via DexTools or GeckoTerminal for live updates.

What do you think—will $USELESS live up to its ironic potential? Drop your thoughts in the comments!