In the wild world of meme coins, where hype often trumps utility, $USELESS is making waves on the Solana blockchain. This satirical token, which proudly boasts zero real-world use, has caught the eye of seasoned traders. Recently, a thread on X (formerly Twitter) from influencers like @Bluntz_Capital and @MaisonGhost highlighted their conviction in the project, sparking fresh interest.

The Pullback That Wasn't a Dealbreaker

It all started with a post from Bluntz Capital, a well-known trader who chases bubbles and shares market insights. He pointed out that if anyone was waiting for a dip in $USELESS, they might have just missed it. The token pulled back to the 0.618 Fibonacci retracement level—a technical analysis tool traders use to predict potential support or reversal points based on the golden ratio. From there, it bounced back, signaling what Bluntz called a "full send" upward.

This chart from GeckoTerminal shows the price action, with waves labeled in an Elliott Wave pattern, another popular method for forecasting market cycles. The token's price hovered around $0.22 at the time, up over 8% in the last day despite broader market fluctuations.

Conviction from the Trenches

Building on that, Maison Ghost—a self-proclaimed "fartcoin maximalist" who's professionally unemployed but deeply embedded in the meme coin scene—doubled down on his position. He explained why $USELESS remains one of his largest holdings:

• Unmatched Narrative: In the "trenches" of crypto Twitter and Discord communities, the story of a coin that's intentionally useless resonates. It's a jab at the overpromising projects out there, drawing in folks tired of empty utility claims.
• Shakeout of Weak Hands: A recent heavy correction weeded out short-term speculators, leaving a more committed holder base.
• Major Exchange Listings: Unlike many fleeting memes, $USELESS has landed spots on big platforms like Coinbase, giving it exposure to a wider audience.
• Positive Market Sentiment: With Solana ($SOL) gaining momentum and the meme coin sector heating up, the timing feels right.

Maison Ghost emphasized that the team behind it has a track record of delivery, combining that with solid price action. "I don’t chase every meme, but this is one I’m willing to size into and hold with conviction," he wrote. To illustrate the current stats, he shared a screenshot from DEX Screener:

At that snapshot, $USELESS was priced at about $0.23, with a fully diluted value (FDV) and market cap around $231 million. Liquidity sat at $5 million, and 24-hour volume hit $4.8 million—decent numbers for a meme token.

What's $USELESS All About?

For those new to the scene, $USELESS launched in May 2025 on Solana via platforms like pump.fun, which make it easy to create and trade meme tokens. It's a pure play on community-driven hype, satirizing the crypto space by embracing its "uselessness." Think of it as the anti-utility coin: no roadmaps, no promises, just memes and momentum.

According to CoinMarketCap, it's designed to poke fun at traditional cryptos that overhype their tech. Yet, ironically, it's gained real traction. The Coinbase listing in August 2025 pumped its price nearly 100% from lows, as reported by Coindoo. Current price data from CoinGecko shows it trading around $0.24, with a market cap over $200 million.

Why the Bullish Stance Makes Sense

In meme coin trading, sentiment is king. The broader Solana ecosystem is buzzing, with tokens like this riding the wave of renewed interest in fun, speculative assets. Fibonacci levels and Elliott Waves might sound technical, but they're tools that help traders like Bluntz spot patterns in the chaos.

If you're dipping into memes, remember: these are high-risk plays. Do your own research (DYOR), as the crypto community loves to say. But threads like this one show how influencer conviction can fuel runs—and $USELESS seems primed for more action.

Stay tuned to Meme Insider for more updates on Solana's hottest memes. What's your take on $USELESS? Drop a comment below!