In the fast-paced world of meme coins, where trends can shift overnight, a recent tweet from @theunipcs—better known as 'Bonk Guy'—has sparked excitement around $USELESS. This Solana-based meme token, often dubbed the most "useless" coin out there, is showing signs of a major comeback according to his analysis. Let's dive into what he said and why it matters for blockchain enthusiasts and traders alike.
Bonk Guy points out that $USELESS has broken out of a falling wedge pattern on its chart—a technical formation in crypto trading that often signals a reversal from a downtrend to an uptrend. Falling wedges are basically a series of lower highs and lower lows that converge, and statistically, they tend to break upwards more often than not. This breakout comes at a perfect time, riding on the strength of $SOL (Solana's native token) and speculation around $DOGE (Dogecoin).
He ties this to upcoming news: Solana DATs (Decentralized Application Tokens? Wait, actually, in context, it might refer to something like Data Availability Tokens or a specific Solana feature launch—keeping it simple, it's positive developments boosting Solana's ecosystem). Meanwhile, $DOGE is gaining traction on rumors of an ETF launch and similar DAT integrations. The combo of Solana's momentum and Dogecoin's hype creates an ideal setup for $USELESS to surge, as it's positioned in the "trenches"—that gritty, high-risk area of meme coins where big wins happen.
What makes $USELESS stand out? Bonk Guy lists several key factors:
Strongest Memecoin Narrative: In a cycle full of animal-themed tokens and viral trends, $USELESS embraces pure absurdity—it's literally called useless, which resonates with the ironic humor that drives meme coin communities.
Coinbase Listing: It's the only "trenches" meme coin from this year to land on Coinbase, opening it up to over 110 million American users. This retail liquidity is crucial for pushing valuations sky-high, beyond the quick flips in smaller pools.
Perps on Major Exchanges: Available for perpetual futures trading on Binance, Bybit, and OKX, it attracts professional traders who can leverage positions, adding massive liquidity and volatility.
PvE Play Style: Here, PvE likely means "Player vs. Environment," contrasting with PvP (Player vs. Player) rugs or scams. $USELESS has been a straightforward, community-driven pump without the cutthroat tactics, making it a "safe" bet in the wild meme world.
After a parabolic rally earlier this year, $USELESS corrected about 60% following its Coinbase listing. This shakeout let early winners cash out, reducing sell pressure for the next leg up. Bonk Guy believes the trenches are ripe for a $1 billion+ market cap runner, and $USELESS fits the bill perfectly.
This tweet quotes an earlier post from Bonk Guy himself, where he noted $USELESS being extremely oversold despite altcoins and memes bouncing back. He highlighted its listings on Coinbase, Kraken, Binance US, and perps platforms, reinforcing the bullish case.
For those tracking meme tokens on Solana or eyeing Dogecoin's ETF buzz, this could be a signal to watch. As always in crypto, do your own research—meme coins are volatile, but when they hit, they hit big. Check out the full tweet here for more details.
At Meme Insider, we're all about unpacking these viral moments to help you stay ahead in the blockchain space. Whether you're a seasoned trader or just dipping your toes into meme coins, insights like this from key influencers can highlight hidden gems like $USELESS.