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USELESS: The Meme Coin That Proudly Does Nothing with a $300M Market Cap Surge
Intermediate
2025-07-08 | 10m
What Is $USELESS?
USELESS is a meme coin built on the Solana blockchain, deliberately designed to have no utility, no governance, and no long-term development plans. Unlike most cryptocurrencies that offer features such as staking, liquidity provision, or integration with decentralized applications,
USELESS wears its “uselessness” as a badge of honor. It is driven entirely by speculative interest, meme culture, and the collective energy of its community.
With no roadmap or functional purpose, $USELESS aims to reflect the more experimental, playful side of onchain culture where value is often derived from narrative and momentum rather than fundamentals.
The Beginning of USELESS
USELESS was launched in May through the LetsBONK.fun launchpad, one of Pump.Fun’s main competitors. The platform itself started only in April, making token of its first major ecosystem project.
Between May 10 and May 17, the token surged from a market cap of $200,000 to $40 million, marking a jump of roughly 20,000%. After that, Useless Coin entered a correction phase, leading many in the crypto community to write it off as another pump-and-dump. In true meme coin fashion, it saw a rapid rise followed by a sharp decline.
Behind USELESS is a trader known as Bonk Guy, famous among traders for predicting the rise of Bonk (BONK), the meme coin that sparked a new gold rush in space. Bonk Guy faced criticism for promoting the project and sharing what some called “misleading” insights with his followers. He bought the token near its launch when its market cap was around $200,000 and continued to hold and post about the token.
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The correction lasted until June 5, when USELESS fell to a market cap of $5 million, just 20 days after reaching its all-time high (ATH) of $40 million in May. But within a month, its market cap reached $250 million without major drawdowns, suggesting that Bonk Guy may have been right after all.
Relationship to the $Bonk Ecosystem
$Bonk, launched in December 2022, quickly became one of Solana’s most prominent meme coins by distributing half its supply through an airdrop and integrating with DeFi protocols, NFTs, and community governance tools. It positioned itself as a community-first token aiming to bring liquidity and attention to the Solana ecosystem.
In contrast, $USELESS launched in early 2025 as a response to the utility-driven trend. It forgoes all traditional features and operates purely as a speculative meme token within the broader cultural framework shaped by $Bonk. Though linked in spirit and community overlap, $USELESS diverges by offering no real functionality, instead relying on social media engagement and reverse marketing to maintain relevance.
Tokenomics and Distribution
$USELESS has a total supply of 1 billion tokens and is deployed on the Solana blockchain. Its distribution is highly concentrated among a small number of whale addresses, contributing to extreme price volatility and rapid market fluctuations. The token is currently listed on Solana-compatible decentralized exchanges, such as centralized platforms like CoinCatch.
This type of distribution makes $USELESS particularly appealing to high-risk traders looking for quick market moves, but less suitable for long-term holders seeking steady growth or utility.
The Role of $USELESS in the Solana Meme Coin Ecosystem
$USELESS is part of a growing subset of Solana meme coins, a category that focuses on community engagement, speculative trading, and viral appeal rather than technological innovation. These coins take advantage of Solana’s fast block times and low transaction costs to provide a seamless trading experience for meme coin enthusiasts.
Unlike more utility-focused tokens in the Solana ecosystem, $USELESS stands out by fully embracing its lack of utility. This approach is not a flaw but a feature, which offers a pure play on community sentiment, price momentum, and onchain culture without pretending to be something it's not.
Market Overview (As of 15 July 2025)
USELESS has seen a surge in popularity, with a collective market capitalization reaching 317.82M, a circulating supply of around 1 billion tokens, and a 24-hour trading volume of over $55.01M.
This growth is fueled by a mix of speculative trading, whale activity, and the viral appeal of meme tokens. However, the absence of utility makes $USELESS particularly susceptible to sharp price swings, often driven more by sentiment and social media trends than technical or fundamental indicators.
Price Performance and Volatility
As of July 15, 2025, the price of $USELESS is $0.3182, up 1.93% in the past 24 hours. During the same period, the price of the coin fluctuated between a low of $0.1954 and a high of $0.3594. These rapid fluctuations highlight the volatility inherent in memecoin trading. The 7-day trend continues to rise, up 34.64%.
Project Snapshot
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Token Name: USELESS (Useless Coin)
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Website: USELESS Website
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Blockchain: Solana (SOL)
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Total Supply: 1,000,000,000 (1B)
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Contract Address: Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
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Explorer: USELESS on SOLScan
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Exchanges: CoinCatch (CEX), Raydium (DEX)
Frequently Asked Questions
Does $USELESS have any utility?
No. $USELESS is explicitly designed without utility. It is a meme token built for speculation and cultural engagement, not for staking, governance, or DeFi use.
How is $USELESS distributed?
The total supply is 1 billion tokens. A significant portion is held by whales, contributing to high volatility and making the token suitable primarily for short-term trading strategies.
Where can I trade $USELESS?
$USELESS is available on Solana-based decentralized exchanges such as Raydium and centralized exchanges like CoinCatch.
Is $USELESS a good long-term investment?
Due to its lack of fundamentals and extreme price fluctuations, $USELESS is not considered a viable long-term investment. It may appeal to experienced traders comfortable with meme coin volatility but carries substantial risk.
How is $USELESS related to $Bonk?
While $USELESS is culturally associated with $Bonk, it offers none of the utility features that define Bonk’s broader ecosystem. It operates purely as a meme-driven, speculative asset within that community.
Conclusion
USELESS Coin’s journey from a satirical concept to a $300 million market cap phenomenon is a testament to the unpredictable nature of meme-driven markets. By embracing absurdity and leveraging humor, the token has captured the imagination of the crypto community, proving that utility is not always a prerequisite for success. However, its volatile price action and speculative appeal serve as reminders of the risks inherent in meme coin investments. As the crypto market continues to evolve, USELESS Coin stands as a fascinating case study in the power of narrative and sentiment.
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
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