On September 8, the Solana meme coin USELESS surged past a $280 million market cap after being listed on the Upbit spot exchange, according to GMGN data. The token's price rose over 12% in 24 hours, with a 24-hour trading volume of $22 million. Well-known trader 'Bonk Guy' had previously stated on September 1 that he was more bullish on USELESS than on BONK in 2023, highlighting its past performance from $4 million to $450 million in a non-bull market and suggesting potential for further gains in a true bull market. BlockBeats warned that meme coins often lack utility and carry high volatility, urging caution.
GMGN data shows the Solana-based meme coin USELESS blew past a $280 million market cap on September 8 after landing a spot listing on Upbit. Price was up more than 12% over the last 24 hours, and 24-hour trading volume hit $22 million.
Back on September 1, the well-known trader 'Bonk Guy' said he is more bullish on USELESS right now than he was on BONK in 2023. His point was simple: USELESS had already run from roughly a $4 million market cap to $450 million without any bull market at its back. So if the token gets its first real bull market, he said, the upside could be even bigger. BlockBeats is also reminding users to stay careful with investments, since meme coins often have no real use cases and can swing wildly in price.
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