Quick Takeaways
- USELESS Coin Leads with $311K in shorts liquidated in one hour
- Binance futures launch triggered a breakout rally
- It leans into meme culture — and that’s working in its favor
USELESS Coin Leads? Traders Get Caught Off Guard as Shorts Liquidated
- Over $311K in short positions wiped out in just one hour
- Binance futures listing sparked a frenzy in trading activity
- USELESS Coin now aims for a $1B market cap
USELESS Coin Leads? From Meme to Market Mover
So, USELESS Coin Leads? Yes, for the time being at least and the statistics are unmistakable.
This meme token, born from the quirky LetsBonk ecosystem, shocked traders with a massive price spike shortly after Binance revealed it would list USELESS Coin on its perpetual futures market.
Within an hour, more than $311K in short positions were liquidated, sending a clear message: underestimating memes can be expensive.
While the long liquidations barely crossed $5K, short traders were left scrambling. The token jumped to a weekly high of $0.31, and that’s not bad for a coin that literally markets itself as “useless.”
Binance Listing Sends USELESS Coin into Overdrive
Once Binance announced that USELESS Coin’s futures would go live at 12:15 UTC, it didn’t take long for things to escalate. Traders rushed in, and before anyone could blink, the token started surging across exchanges.
Most of the volume flowed through Gate.io, with additional activity on Orca and Raydium. Open interest ballooned to $28.7 million, showing that meme coins still have plenty of juice left in them.
USELESS Coin Is Building a Real (Cult) Following
Back in May, USELESS Coin was trading at a humble $0.012. Fast-forward to now, and it’s up 2,175%, with a market cap sitting around $324 million. Even in the rapidly developed world of cryptocurrency, it is impressive.
What’s more, the token already has 31,787 holders and a growing fan base online, with over 13.9K social media followers. It’s not just trading well — it’s building a community. And it is frequently the key to any meme coin’s success.
Whales Are Selling, but the Party Isn’t Over
Interestingly, while retail traders were riding the wave, whales were quietly selling off their holdings — locking in profits during the hype. But despite that, momentum hasn’t really slowed down. Only $1.7 million has been extracted from the project so far — not much when compared to past meme token frenzies.
In fact, if you look at the liquidation heatmap, it seems like USELESS Coin may push toward $0.35, where there’s more liquidity waiting to be tapped. If that happens, we could see another round of FOMO kick in.
What Makes USELESS Coin So… Useful? Its Uselessness.
Ironically, what makes USELESS Coin stand out is its total lack of utility — and that’s by design.
It’s part of a new wave of what some call “financial nihilism” in crypto. There’s no promise of future tech, no whitepaper full of buzzwords, and no real-world use case. And guess what? People love it for that very reason.
Because of this, the token manages to avoid a lot of the regulatory headaches other projects face. The SEC usually goes after tokens that promise returns or utility, but USELESS doesn’t play that game. And despite its “useless” branding, it’s already made its way onto Binance Alpha, Binance.US, and Kraken — not too shabby.
USELESS Coin Leads? Maybe It’s Just Getting Started
So where does this go next? Can USELESS Coin actually hit a $1 billion market cap like BONK or GIGACHAD?
Honestly, it’s possible. The hype is real, the community is growing fast, and the Binance listing gave it a serious credibility boost. Of course, meme coins are unpredictable — they can moon, but they can crash just as fast.
Still, for now, USELESS Coin Leads? Absolutely. And in the wild world of crypto, that’s more than enough to keep traders watching.
