Memecoin

$USELESS Rockets to $100M Market Cap as Bonk Community Backer Rides Rare Win

June 16, 2025
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An unfolding memecoin phenomenon is tied to $USELESS, launched by LetsBONK fun, which has surged to a $100 million market capitalization and is drawing attention from traders, influencers, and seasoned speculators.

Although its name implies insignificance, $USELESS has proven to be anything but — especially for early adopters.

In a tide of dangerously speculative, low-value memecoins, $USELESS has swum against the current. It has not only surged past a nine-figure valuation very quickly after its launch, but it has also sent a much greater portion of its early believers packing with sweet profits than is the norm in this extraordinarily risky trading environment. In fact, one might say that it has made good on its name, delivering a surprisingly meaningful return to those who have bought it.

Unipcs Sees Rare Profit Amid a Trail of Losses

One of the most remarkable stories of success to come out of the $USELESS rally is that of Unipcs (@theunipcs), a well-known trader in the Bonk ecosystem. Unipcs made a rather large bet on $USELESS, purchasing 28.08 million tokens for $381,900 and securing 2.81% of the total supply. Today, that investment is worth about $2.4 million, which means the profit hain’t been realized not over $2 million. If it were to be realized, we’d probably holler like the Dukes of Hazzard.

Even with the highly impressive gains coming from $USELESS, Unipcs overall trading portfolio remains in the red. On-chain data indicates that he has made investments in 48 different tokens, 44 of which are currently underwater. $USELESS is the rare win among a broad range of experimental or speculative trades — and a clear reminder of how completely volatile and unforgiving the memecoin market has become.

Unipcs has not sold a single $USELESS token. He holds his entire allocation. Whether this is calculated decision-making based on long-term conviction or simply an attempt to ride further upside is, as yet, undetermined. For now, $USELESS is by far his only position in the black.

Top Wallets Sit Comfortably in the Green

Unipcs isn’t the only one reaping rewards from the rise of $USELESS. A detailed examination of wallet distribution and profitability reveals that almost all of the top 100 wallets holding $USELESS are currently making profits. Only three wallets appear to be losing money at the moment, which hints that most of the early buyers and active participants in $USELESS have either done well by picking a seemingly prime entry point or by holding onto the asset through some wild early volatility.

It’s very unusual in memecoins for the top holders to be this profitable. In the past, pump-and-dump schemes and unequally distributed tokens have left many retail participants at a disadvantage. But with $USELESS, it seems to be a different story. Early momentum has been paired with a community that is wonderfully engaged and fantastic strategic backing from the Bonk ecosystem. To the best of my knowledge, this is a rollout that is both more balanced and more profitable for the top holders.

$USELESS’s branding may be part of the reason people are drawn to it. After all, it is hard to take seriously a token with such an irreverent name. And as we saw in Chapter 4, memecoins have a sort of trinity when it comes to their appeal: They are fun, absurd, and unpredictable. What is $USELESS, in fact, other than a fun and absurd short-lived contract that in the end turns out to be pretty predictable, given the current way of wringing profitability out of a liquidity pool?

From Joke to Juggernaut: What’s Driving the $USELESS Hype?

$USELESS is a sign of something that is happening in crypto: a resurgence of memecoins that make no bones about humor and absurdity, but that nonetheless have highly engaged communities and surprisingly strong tokenomics. Launched under the “Let’sBONK fun!” umbrella, $USELESS is a social trading event with real financial stakes.

You may be self-deprecating, but your performance shouts. You’ve scrambled to a $100 million market cap, and if that doesn’t place you in the meme magnet spotlight, I don’t know what does. You’ve done so alongside other breakout tokens of 2023. And now, some analysts are saying your continued growth could outdo or at least keep pace with tokens like $PEPE or $WOJAK.

Furthermore, the reality that it has generated substantial profits for numerous initial participants enhances its reliability in a field where only a handful of projects can lay claim to such a feat. Thus far, the token’s path has been one of organic, community-driven, and fairly launched growth — three components that, while not commonly found, do serve to define the memecoin success stories that penetrate the mainstream.

Conclusion

In an ecosystem overflowing with hype, risk, and rapidly shifting narratives, $USELESS stands out as a rather ironic but effective winner. For Unipcs and many other top holders, it is a rare moment when timing, strategy, and meme magic converge to produce real gains. Whether $USELESS has any sort of staying power is an open question, but with its rise to a $100 million valuation and the profits it has produced so far, a moment of silence is kind of in order.

It is a reminder that in cryptocurrency, even the projects with the most ironic names can become very serious opportunities — and sometimes, the only truly useless thing is not to pay attention.

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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