The USELESS meme token is gaining momentum in the Solana market. In the past 24 hours, trading volume exceeded $150 million — the highest since August. The token price rose to $0.37, and its market cap approached $400 million.
USELESS surge amid declining interest in old memes
USELESS’s growth coincided with a drop in activity among older Solana meme projects. By trading volume on Coinbase, the token has already surpassed such leaders as TOSHI, FARTCOIN, PENGU, and earlier — WIF and PEPE. This made USELESS the main representative of the new generation of Solana memes and a kind of market sentiment indicator.
USELESS rose by 31% in a day and continues to attract the attention of investors and speculators. Amid low liquidity in other Solana memes, this token has become the center of activity. Discussions about it on social networks compare it to the market capitalization of public companies, which only increases public interest.
Market cap approaches $400 million
At the time of publication, USELESS is trading at $0.37, which corresponds to a market cap of about $378 million. Despite the growth, the token is not yet in the top 5 Solana memes. The leading positions are held by PENGU, BONK, and Official Trump (TRUMP) — each valued at more than $1 billion.
Nevertheless, by daily trading volume, USELESS is already competing with the largest meme assets on the network. Its current figures are about 50% of FARTCOIN’s market cap, and analysts expect that increased liquidity will soon lead to another price jump.
The meme market revives without an altseason
Interestingly, the USELESS rally happened without signs of an altseason starting. Most top assets are not outpacing Bitcoin in growth rates, but individual tokens are showing short-term spikes. USELESS became part of this wave — its daily gain and holder activity indicate the speculative nature of trading.
The token currently has 34,663 addresses, which is comparable to the communities of other well-known memes. Open interest in USELESS derivatives reached a record $58 million, confirming traders’ interest in volatile trading.
What’s next?
USELESS remains a highly volatile asset. Its history shows sharp drops of 40–50% after impulsive surges. The token is now trying to regain the $400 million market cap level. If the upward trend continues, USELESS could enter the top 5 Solana memes and aim for a $1 billion market valuation.
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