Solana meme coin USELESS surpasses $280M market cap after Upbit listing

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USELESS
$0.2431-22.55%
This is the logo of the coin.
BONK
$0.0₅2799-9.03%
This is the logo of the coin.
SOL
$101.15-3.57%
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The Solana-based meme coin USELESS surpassed a $280 million market cap after listing on Upbit. Trading volume hit $22 million within 24 hours, with a 12% price increase. On-chain data indicates strong buying pressure following the listing. On September 1, trader 'Bonk Guy' named the token a top pick, highlighting its previous rise from $4 million to $450 million. Meme coins remain highly volatile and lack real-world utility.

ChainThink reports that, on September 8, according to GMGN data, the Solana-based meme coin USELESS experienced a short-term price surge due to the announcement of its listing on Upbit’s spot trading platform, with its market cap exceeding $280 million, rising over 12% in 24 hours, and trading volume reaching $22 million.

On September 1, renowned trader "Bonk Guy" stated that his bullish outlook for USELESS exceeds what he had for BONK in 2023, noting that the coin previously rose from a market cap of approximately $4 million to $450 million despite not being in a bull market, and could experience an even larger surge if it experiences its first true bull market.

Meme coins often lack real-world use cases and experience high price volatility—invest with caution.

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