Crypto trader BonkGuy said USELESS is the token he is most bullish on right now, adding that his conviction is even stronger than it was when he bought BONK near its 2023 lows. In comments cited by Odaily, BonkGuy looked back at earlier gains from meme coins including BONK, WIF, Fartcoin, POPCAT, and PNUT. He said one 6x leveraged BONK trade turned $16,000 into more than $20 million, while a $6,000 WIF position grew to about $1.4 million. He also said those profits were later largely wiped out during the "10/10" market move. On USELESS, BonkGuy argued that the token’s rise in market capitalization from about $4 million to $450 million last year was only a "test pump," and that move did not happen in a bull market. He said USELESS could see a much larger price increase if it goes through its first full bull cycle.

Crypto trader BonkGuy recounts his meme coin trading journey, starting with $16,000 in 2023 and leveraging 6x on BONK to build a position exceeding $20 million. He then turned $6,000 in WIF into roughly $1.4 million, and scored multiple million-dollar gains from Fartcoin, POPCAT, and PNUT. However, most of those profits were wiped out during the '10/10' crash.

Solana trader 'Bonk Guy' Unipcs shared a detailed recap of his meme coin trading history, including a 2023 BONK trade with $16,000 capital and 6x leverage that grew to over $20 million. He also profited from WIF, Fartcoin, POPCAT, and PNUT, and made similar gains in the previous cycle with DOGEGOV and MAGA. Despite later giving back all profits, Unipcs is now extremely bullish on USELESS, citing its past growth from $400M to $450M market cap and potential for further upside in a real bull market.

Binance spot data reveals significant market volatility. C98 fell 20.79% and JOE dropped 22.85% in 24 hours. CTSI, BICO, and PIVX saw declines of 14.04%, 17.08%, and 25.16% respectively. PEOPLE, EDU, BB, PNUT, and AIXBT also pulled back, with losses ranging from 7.24% to 9.3%.

ChainFeeds’ Aug. 8 research roundup brings together five separate discussions shaping the digital-asset policy and infrastructure debate. One piece, citing a16z, argues that the proposed CLARITY Act is needed to draw a workable line between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, replacing years of case-by-case enforcement with a clearer market structure for digital assets. Another, from Tiger Research, says Asia’s prediction market problem is less about demand and more about legal classification, with current gambling and financial-product regimes both failing to provide a usable framework. The roundup also highlights Joseph Chalom’s case against EIP-8363, which he says could weaken DeFi, erode ETH’s yield advantage, and raise the cost of onchain capital. A separate report from TechFlow examines the pull of AI on crypto’s technical talent, pointing to declining GitHub activity across major ecosystems and to cases where AI tools rapidly identified code vulnerabilities. The final piece from Odaily reviews Robinhood’s listing of CashCat and the growth of Robinhood Chain, including tokenized stock access in more than 120 countries and regions, new-address inflows, and activity linked to Uniswap’s Pools.trade launch.

Robinhood has listed CashCat, a native meme token from the Robinhood Chain ecosystem, in a move that the original report frames as more than a routine token addition. CashCat, based on a crying cat meme and tied to Robinhood’s own early mascot history, briefly pushed past a $200 million market capitalization and posted gains of more than 80% over 24 hours, according to the article. The listing is described as a sign that Robinhood is beginning to open its main platform to projects born inside its own chain ecosystem. The report argues that CashCat stands out from earlier meme coin listings on Robinhood because of its symbolic role in the company’s identity, its meme-native branding, and its position as the first breakout meme token on Robinhood Chain. It also links the move to comments made by CEO Vlad Tenev on the company’s second-quarter earnings call, where he said Robinhood Chain was built for real-world assets while also making clear that he likes memes. The article also points to fast early growth on Robinhood Chain, including billions of dollars in DEX volume, record transaction counts, rising TVL and stablecoin supply, and a user base that appears to include a large share of first-time or incremental crypto participants. It further highlights Uniswap’s launch of Pools.trade on the chain as another sign that competition and token issuance activity are accelerating inside the ecosystem.

BlockBeats reported on July 29 that trader 0xLeaf, known on X as @3ethtomoon, said he is going through the "darkest moment" of his life after losing about 60 million yuan over the past month. In his post, he said all of the money he had in crypto had been wiped out. Public information cited in the report shows that 0xLeaf entered the crypto market around 2021 and had previously posted multiple 100x-style gains trading meme coins including BOME, MOONDENG, ACT, PNUT and TRUMP. After the TRUMP token frenzy, his account on a centralized exchange, or CEX, at one point reached $6 million. The report added that this year’s extreme AI-driven market swings have hit the once high-performing trader hard. The update focuses on the scale of his drawdown and the contrast with his earlier meme-coin success.

CryptoComLearn published a list of 10 memecoins to watch, highlighting names such as PENGU, BONK, WIF and FARTCOIN based on liquidity, community strength, trading activity and brand recognition.