In the wild world of memecoins, where pumps and dumps are as common as coffee in a trader's morning routine, something extraordinary just happened. A tweet from crypto enthusiast @CryptoSrm captured the essence of this moment, highlighting how $USELESS—a memecoin that's literally named to poke fun at utility-obsessed cryptos—is rewriting the rules.
The tweet, posted on August 16, 2025, reads: "$USELESS not heavily retracing and instead pumping a few hours after Binance perps for it became live is one of the most orgasmically bullish things I have seen in the memecoins sector in the last 2 years. Norms are being violated. Rules are being broken. New laws are being defined. And by something utterly useless. Sends shivers down my spine just thinking about what lies ahead of us."
What makes this so thrilling? Let's break it down. Typically, when a memecoin gets listed on a major exchange like Binance—especially for perpetual futures trading—the price spikes initially due to hype, but then it often retraces as traders take profits or shorts pile in. But $USELESS? It bucked the trend hard.
Just a day earlier, on August 15, 2025, Binance announced the launch of the USELESSUSDT perpetual contract with up to 50x leverage. This listing was a big deal for the Solana-based token, which aims to mock traditional cryptocurrencies by embracing its "uselessness." Instead of dumping post-listing, $USELESS surged over 52% in a single day, reaching above $0.31 and causing a wave of short liquidations, as reported by MiTrade.
This defiance isn't just a fluke; it's a signal of stronger underlying sentiment in the memecoin space. As @CryptoSrm points out, it's "orgasmically bullish" because it shows that community-driven hype can overpower conventional market behaviors. Memecoins like $USELESS thrive on virality, humor, and a dash of rebellion, and this event proves that they're evolving beyond mere jokes.
Replies to the tweet echo this excitement. One user, @theunipcs (aka 'Bonk Guy'), noted, "yeh, it's crazy how barely anyone is talking about this on CT ngl 😅," highlighting how under-the-radar this pump felt despite its significance. Another, @MaximusOnX_, predicted, "I think there is no retrace because of the price action before the listing, strongly believe we will never see #USELESS coin under $0.2 if the market stays strong." Even comparisons to classics like Doge and Shib popped up, with @Bal_aaditya saying, "Doge shib blueprint by useless."
For blockchain practitioners diving into memecoins, this is a lesson in momentum. $USELESS's pump suggests that listings on powerhouse exchanges like Binance can catalyze sustained growth if the community is locked in. It's also a reminder of Solana's role in hosting high-speed, low-cost meme projects that can scale virally.
As we look ahead, events like this could redefine what's possible in crypto. If a token called $USELESS can violate norms and pump relentlessly, imagine what other memecoins might achieve. It's shiver-inducing, indeed, and a bullish harbinger for the sector. Keep an eye on $USELESS— it might just prove to be anything but.