Solana meme coin USELESS surges 67% in 24 hours, market cap reaches $213M

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USELESS
$0.242229.24%
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SOL
$101.59-3.43%
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Market sentiment remains strong as the Solana-based meme coin USELESS surged 67% in 24 hours, reaching a $213 million market cap, with trading volume hitting $38 million over the same period. Bonk Guy previously backed the token, triggering a 50% rally on September 1 that pushed its market cap above $100 million. ChainCatcher notes that meme coins often lack real-world utility and are subject to sharp price fluctuations.

ChainCatcher report, according to GMGN data, the Solana-based meme coin USELESS rose another 67% in the past 24 hours, with its market cap reaching $213 million and a 24-hour trading volume of $38 million. On September 1, Bonk Guy stated that his bullish sentiment toward USELESS now exceeds his outlook for BONK during its 2023 trading surge, noting that USELESS previously climbed from a $4 million market cap to $450 million even outside a bull market. He believes that if USELESS experiences its first true bull market, it could see an even more substantial price increase. Following Bonk Guy’s call on September 1, USELESS surged over 50% that day, with its market cap surpassing $100 million. ChainCatcher reminds users that meme coins typically lack real-world utility and exhibit high price volatility—invest with caution.

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