In the wild world of meme coins, where utility often takes a backseat to hype and community vibes, $USELESS is living up to its name in the most ironic way possible—by potentially becoming anything but useless for savvy traders. A recent tweet from Solana ecosystem builder @skmakeit has sparked buzz, highlighting on-chain data that shows whales are still gobbling up this satirical token, even as it hovers around a $300 million market cap.

What is $USELESS? A Quick Primer

For those new to the scene, $USELESS is a Solana-based meme token launched in May 2025 on the Raydium DEX. As its name suggests, it's a tongue-in-cheek project that pokes fun at the crypto industry's obsession with "utility." No fancy roadmaps, no groundbreaking tech—just pure, unadulterated meme energy. Despite—or perhaps because of—its self-deprecating approach, it's gained traction, with a current price around $0.29 and a fully diluted valuation pushing $288 million, according to data from DEX Screener and CoinMarketCap.

The token's appeal lies in its simplicity and the broader meme coin trend on Solana, where projects like this thrive on community engagement and viral moments. It's traded primarily against SOL, and its chart has seen some wild swings, including a recent 20% pump amid a market rally, as noted in updates from Binance Square.

The Tweet That's Got Everyone Talking

@skmakeit, founder of SunFlowSolana, dropped this gem on X (formerly Twitter): "So $USELESS is basically at 300 mil and it’s still in a net monthly whale accumulation, retail distribution range 😳 This shows smart money is not satisfied selling at these levels and retail has not started mass FOMO inflows yet… The best is still ahead of us on this current $USELESS leg up ☀️"

Accompanying the post are screenshots from the Sun Flow app, a tool for analyzing on-chain flows in the Solana ecosystem. The data breaks down monthly net USD flows by holder tiers—whales (big players), sharks, dolphins, and fish (smaller retail holders).

Here's the breakdown from the insights:

• Whales: Net inflow of +$6.8 million, indicating heavy buying from large holders.
• Sharks: Outflow of -$1.4 million.
• Dolphins: Outflow of -$3.6 million.
• Fish: Outflow of -$1.2 million.

This paints a picture of "smart money" (whales) accumulating while retail is distributing—selling off their holdings. In crypto speak, this often signals that bigger players see more upside potential, waiting for retail FOMO (fear of missing out) to kick in and drive prices higher.

The post also points to top holder-related coins like FARTCOIN, PENGU (Pudgy Penguins), TROLL, and RAY (Raydium), suggesting $USELESS is rubbing shoulders with other notable Solana memes.

Why This Matters for Meme Coin Traders

If you're into meme tokens, understanding on-chain flows like this can be a game-changer. Whales accumulating means they're betting on future pumps, possibly driven by listings (like its recent Coinbase addition, which caused a surge followed by a dip, per Yahoo Finance) or broader Solana hype.

Tools like Sun Flow make this data accessible. As @skmakeit mentions in a reply, you can unlock similar analysis for other SOL coins via their web app. It's a handy resource for spotting accumulation phases before the masses pile in.

The thread also drew reactions from the community, with users hyping the token's potential to hit $3 billion market cap and sharing memes. One reply even ties in other projects, showing how interconnected the Solana meme space is.

Potential Risks and What's Next

Of course, meme coins are volatile beasts. $USELESS has no inherent utility, so its value is purely speculative. Past pumps don't guarantee future gains, and with Solana's ecosystem full of "useless" memes (as one Reddit thread humorously discusses), diversification is key.

That said, if the data holds, we could see another leg up as retail catches on. Keep an eye on trading volumes, which recently hit $1.9 million in 24 hours per DEXTools, and community sentiment.

For more on $USELESS and similar tokens, check out the original thread on X. If you're trading, always DYOR (do your own research) and consider tools like Sun Flow to stay ahead.

At Meme Insider, we're all about decoding these trends to help you navigate the meme token jungle. What's your take on $USELESS—diamond hands or quick flip? Drop a comment below!