Hey there, meme coin enthusiasts! If you’ve been keeping an eye on the Solana blockchain, you’ve probably noticed some wild movements in the meme coin space. A recent thread by Chyan on X (posted at 23:59 UTC on August 1, 2025) dives deep into the latest data, and it’s clear that one token is stealing the show: #USELESS. Let’s break it down and see why this token is making waves!

#USELESS Leads with Massive KOL Support

According to the data shared by Chyan, #USELESS is sitting pretty with a whopping $12.13 million in holdings by Key Opinion Leaders (KOLs)—that’s people with big influence in the crypto world. With only 8 KOLs holding this amount, it’s a sign of strong belief in the token’s potential. Compare that to the next in line, #MEMECOIN, with just $322.4K held by 3 KOLs, and you can see why #USELESS is dominating with nearly 98% of the total KOL consensus in this list.

The chart also shows some interesting stats: #USELESS has a market cap of $247.12M, 2 traders, and a net volume of $25.28K. This suggests that while the token isn’t seeing massive trading activity, the KOLs are holding tight, which could mean they’re betting on long-term growth.

BonkFun Family Takes the Lead

Another big takeaway is the power of the BonkFun ecosystem. Out of the top 10 tokens listed, 6 belong to the BonkFun family, including #USELESS, #MEMECOIN, and $LMEOW. This group seems to have cracked the code for attracting KOL attention, with the top three tokens all hailing from this crew. For example, $LMEOW holds $186.5K across 4 KOLs, showing a solid community backing.

On the flip side, tokens from the PumpFun platform like $TUFF ($15.6K) and $JUNK ($114) are lagging far behind, highlighting a massive gap in KOL confidence—over 8,000 times less than #USELESS!

What’s Driving the Trend?

Chyan points out that KOLs aren’t just holding these tokens—they’re doubling down. This “rotate deeper” strategy suggests a shift in the meme coin market. Instead of flipping tokens for quick profits, influential players are treating #USELESS and other BonkFun tokens like a long-term investment. It’s almost like they see these as the “apex bags of belief” in the Solana ecosystem.

The data comes courtesy of StalkHQ, a tool that tracks smart money flows and wallet activity. This real-time insight is gold for anyone trying to get ahead of the curve in the fast-moving world of meme coins.

Other Standouts and Strugglers

While #USELESS reigns supreme, other tokens have their own stories. $COMET, with $40.3K held by 6 KOLs, shows decent activity with $106.18K in buy volume, though it’s also seeing $101.80K in sell volume. Meanwhile, $LIZARD is bleeding with a net volume of -$12.76K, indicating some KOLs might be cashing out.

Lower down the list, tokens like $SACKBOYS ($4.0K) and $JUNK ($114) show minimal KOL interest, suggesting they’re either new players or struggling to gain traction. It’s a mixed bag, but the BonkFun dominance is hard to ignore.

Why It Matters for Meme Coin Fans

So, what does this mean for you? If you’re into meme coins, this data is a treasure map. The KOL focus on #USELESS and BonkFun tokens could signal where the market is heading. Plus, with tools like StalkHQ giving you a peek into smart money moves, you can make more informed decisions—without waiting for the next big tweet.

Keep an eye on this space, folks! The Solana meme coin market is heating up, and #USELESS might just be the name to watch in 2025. Got thoughts on this trend? Drop them in the comments below—we’d love to hear from you!