On September 3, data from GMGN showed that the Solana-based meme coin USELESS surged over 50% in 24 hours, with its market cap breaking $150 million and 24-hour trading volume reaching $17.6 million. The rally followed a September 1 call from 'Bonk Guy,' who expressed even stronger bullish sentiment on USELESS than when he traded BONK in 2023. He noted that USELESS had previously surged from $4 million to $450 million in a non-bull market, and if it experiences a true bull market for the first time, it could see even larger gains. After his call, USELESS surged over 50% on the same day, breaking $100 million, and continued to rise. BlockBeats warns that meme coins often lack utility and have high volatility.
BlockBeats reported that on September 3, GMGN data showed the Solana-based meme coin USELESS jumping more than 50% over the previous 24 hours, lifting its market capitalization past $150 million. The token’s 24-hour trading volume hit $17.6 million. Busy market. No question.
What set it off? A call from the well-known trader "Bonk Guy" on September 1. He said his bullish conviction in USELESS is even stronger than it was when he traded BONK in 2023. He also said USELESS had already run from about a $4 million market cap to $450 million in a non-bull market, which works out to a gain of more than 100 times. And his point was simple: if the token gets its first real bull market, the upside could be even bigger. After that call, USELESS ripped more than 50% on the same day, cleared the $100 million market cap mark, then kept rising to above $150 million by September 3.
BlockBeats also warns users that meme coins usually do not have real-world utility and can swing wildly in price. So investors should stay careful and manage risk.
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