An unexpected turn in a turbulent market, shaken by geopolitical tensions between Israel and Iran, saw the memecoin $USELESS surge to a new all-time high market capitalization of $73 million.
Today, the token soared 77%. The $USELESS memecoin stood out as one of the very few memecoins posting gains while the rest of the market sank.
BREAKING: #USELESS coin just hit a new ATH of $73m and is up 77% today despite the rest of the market being red due to the Israel vs Iran conflict. This is with every top memecoin being red, including $DOGE, $PEPE, $SPX, $WIF and FARTCOIN.
$USELESS is up 1,500% in a little over… pic.twitter.com/XTPhE6xJ6B
— BITCOINLFG® (@bitcoinlfgo) June 13, 2025
The majority of well-known memecoins, like $DOGE, $PEPE, $SPX, $WIF, and even $FARTCOIN, have not been able to escape the selling wave. This is understandable given the global economic uncertainty that exists right now. But $USELESS seems to have been marching in the exact opposite direction, gaining of late. This highlights the sometimes unpredictable and odd resilience of the memecoin sector.
This surge thrusts $USELESS into the spotlight as a unique bright spot on an otherwise dismal day in crypto and raises interesting questions about the token’s future and the genesis of its rapid rise.
The Paradox of a “Useless” Token Making Waves
$USELESS is a token that parodies the whole cryptocurrency space. It essentially mocks the concept of a cryptocurrency by branding itself as ‘useless.’ But despite this, $USELESS has gained serious momentum in recent weeks and its price has shot up, making the whole narrative surrounding the token even more ironic.
In the past week and a half, the value of $USELESS has shot up by about 1,500%—a meteoric increase that qualifies it as one of the best-performing memecoins right now, when most of the rest of the crypto world is down. This jump has led to some chitchat among traders about whether $USELESS could become the next memecoin to hit a $1 billion market cap, which is the entryway to being a serious player in the crypto space and to possibly making some folks with $USELESS tokens very happy.
Some people see the pump as something driven by hype and not likely to last, while others think it’s more reflective of some core dynamics that are shifting in the space, like the community getting more engaged, something going more viral, or an overall growing appetite for these kinds of unique, meme-driven assets that may be challenging some conventional wisdom in the crypto world.
Notable Trader Activity Sheds Light on $USELESS’s Momentum
Enriching the narrative is the unfolding drama surrounding a prominent trader who has taken a sizable stake in $USELESS tokens—amassing them, in fact, just 27 days ago. Their initial involvement seems to have included the procurement of 1.16 million tokens for something in the neighborhood of $30,060. Not to be outdone in the drama department, this trader then seems to have gone on to swap 140,114 tokens of $FARTCOIN—valued at around $168,300—for an additional 4.86 million tokens of $USELESS. Thus far, it seems this trader has invested something on the order of around $198,360 to acquire 6.02 million tokens of $USELESS.
27 days ago, this trader started accumulating #USELESS
– Bought 1.16M tokens for $30.06K
– Swapped 140,114 #FARTCOIN (worth $168.3K) for 4.86M tokens
→ Total spent: $198.36K
→ Total acquired: 6.02M tokensToday, they sold 4.5M $USELESS for $170.61K worth of $FARTCOIN
Still… pic.twitter.com/7qexcIjp0d
— Stalkchain (@StalkHQ) June 13, 2025
Today, this trader has profited from the recent surge by divesting 4.5 million $USELESS tokens, converting the proceeds back into $FARTCOIN. Those 4.5 million tokens had a value of approximately $170,610. So despite the name of the first token, $FARTCOIN is clearly part of a very serious trading strategy. And after the partial exit, the trader still holds a sizeable position of 1.52 million tokens, now valued at nearly $58,680.
$USELESS is doing something very strange (and calculating) in the current market, as it pertains to both crypto and traditional investing. Compared to other digital assets, which tend to follow a more organic, if uncertain, trajectory, the path of $USELESS seems manipulated for profit. (Indeed, if you had invested in $USELESS during 2020 and sold it even a few weeks ago, you would have made gains of nearly 1,400 percent.)
Looking Ahead: Is $USELESS Here to Stay?
$USELESS is on the rise, but we can’t really say why.
Memecoins are pretty much always an unreliable place to put your money. Even when a memecoin peripherally fulfills the functions of a real crypto asset (transactions, smart contracts, governance, etc.), it’s far from a sure thing. But as the $USELESS rise-and-grind illustrates, even the most dubious coin can float upward, so long as there’s a decent community narrative attached to it and a few pointers in the right directions.
It is uncertain whether $USELESS will keep up its current pace and continue its march up toward the billion-dollar market cap mark. That could be clearer soon, as much of the community support that helped propel the project to this point could just as easily fade. Market conditions could just as easily darken too. And memecoins in general are getting increasingly crowded.
At present, $USELESS stands as an intriguing illustration of how combining novelty, irony, and sharp trading can yield eye-popping (and, for some, profit-yielding) results—even in a tough market. Little known outside a small group of investors until last week, the memecoin’s value skyrocketed 1,500 percent in just four days. Some observers think there’s a good chance of it adjacent to Twitter becoming a much bigger story; others Judy Toys think it’s likely to along with say Twitter’s old value smack part to fizzle out, maybe as soon as this week.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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