Hey there! Welcome to Meme Insider. We’re always keeping an eye on the latest trends in the meme world, and that definitely includes meme tokens popping up on blockchains like Solana. Today, let’s chat about a specific one that’s been getting some attention: the USELESS token.

Like many meme tokens, USELESS taps into internet culture and community vibes rather than promising groundbreaking utility right off the bat. It’s built on the Solana network, known for its speed and low transaction costs, which makes it a popular spot for this kind of speculative fun.

What is the USELESS Token?

Simple enough, the token goes by the symbol USELESS. You can find it on the Solana blockchain using its unique address: Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk. It follows the SPL Token standard, which is Solana’s version of tokens, similar to ERC-20 on Ethereum. It might even be using the newer Token-2022 Program, which adds features like transfer fees, though that’s not officially confirmed.

You can track its activity and details on blockchain explorers like Solscan.

Early Market Action and Stats

The USELESS token launched pretty recently, around May 10, 2025, and like many fresh meme tokens, it saw some wild early swings. Reports indicate it started with a tiny market cap, maybe around $4,000–$4,810, and then rocketed up to a peak of over $400,000 within just a few hours. That’s an 85x jump for early birds! Since then, it seems to have settled a bit, hovering somewhere between $243,000 and $323,000 in market cap.

The price has also bounced around, with some reports listing it around $0.00078487 and others closer to $0.0002437 USD. This kind of price difference within a short period just shows how volatile these tokens are!

Liquidity is reported to be around $56K on Raydium. As of early reports, USELESS has gathered a holder base of around 565 to 1,072 individuals.

Where Can You Trade or Track USELESS?

Being a Solana token, USELESS is available on decentralized exchanges (DEXs) operating on that network. You can find it trading on platforms like Raydium and Meteora.

For folks keen on tracking meme tokens like USELESS closely, platforms like GMGN.AI are popping up. GMGN.AI helps users discover and potentially ‘snipe’ (buy quickly upon launch) meme tokens. They offer features like:

• CA Security Checks: They look for red flags like potential honeypots or if the contract can be minted endlessly.
• Smart Money Tracking: See what experienced traders are buying or selling.
• Real-time Data: Get live price charts, market cap, liquidity info, and holder counts.
• Automated Trading: You can even automate trades based on strategies or copy successful wallets (though this often involves linking accounts like Telegram).

GMGN.AI specifically lists USELESS on their platform, providing a dedicated page for tracking its performance.

Community Vibe and Connections

The USELESS token seems to be relying heavily on community buzz, particularly on social media platforms like X (formerly Twitter). Early mentions and reports suggest it’s gaining traction, possibly with some involvement from crypto influencers (KOLs).

There’s also a hint that USELESS might be inspired by or somehow connected to the BONK ecosystem, another huge Solana memecoin success story. Any connection to a well-established meme coin like BONK could certainly help a new token gain visibility, although a concrete link hasn’t been confirmed.

Meme Insider, as a publication focused on internet culture and trends, provides context for understanding why tokens like USELESS gain popularity. While we haven’t deep-dived into USELESS specifically in the past, its journey fits right into the broader world of viral content and community-driven phenomena that we cover.

Things to Watch Out For (The Risks!)

Alright, let’s talk about the not-so-fun part. Investing in meme tokens, including USELESS, is super risky. Here’s why:

• Extreme Volatility: Prices can surge dramatically but also crash just as fast. That 85x gain? It can disappear quickly.
• Concentrated Ownership: Reports show over 50% of the USELESS tokens are held by a small number of top holders. If these ‘whales’ decide to sell a large amount, it could significantly tank the price.
• Rug Pulls and Scams: The Solana meme coin scene, especially on platforms like Raydium and Pump.fun, has unfortunately seen a very high rate of scams (like 98.7% on Pump.fun and 93% of liquidity pools on Raydium showing scam characteristics according to one report). While RugCheck flagged USELESS as “Low” risk for things like insider manipulation, the general environment is risky.
• Lack of Transparency: There doesn’t seem to be an official website or clear team behind USELESS mentioned in the reports. This lack of centralized communication and a clear roadmap makes it harder to trust the project’s long-term viability.
• “Honeypots”: These are smart contracts designed so you can buy tokens but can’t sell them. While GMGN.AI and RugCheck offer checks, it’s a common risk in this space.
• Regulatory Concerns: The broader crypto space, including tokens on Solana, faces increasing scrutiny from regulators like the SEC.

As cautioned on communities like r/solana, always be wary of unsolicited messages and never share your seed phrase. Do your homework!

Wrapping Up

The USELESS token on Solana, trading under the address Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk, is a prime example of the speculative, community-driven meme coins populating the Solana ecosystem. It had an explosive start, capturing the attention of early traders and tracking platforms like GMGN.AI.

While the name “USELESS” leans into the ironic humor of meme culture, potential investors need to be acutely aware of the significant risks involved – from extreme price volatility and concentrated ownership to the high prevalence of scams in the broader meme token landscape on Solana.

Keeping up with resources like Solscan for on-chain data, platforms like GMGN.AI for market tracking, and publications like Meme Insider for cultural context is crucial if you’re navigating this wild space. Always approach meme tokens with extreme caution and only invest what you can afford to lose.