USELESS Enters the Solana Meme Token Arena

USELESS is becoming one of the biggest Solana meme tokens, serving as a proxy for the meme narrative with expanding volumes, raising expectations for market price increases.

USELESS has gained significant attention and trading volume, making it the most traded Solana meme on Coinbase. The token is shifting into a proxy for the meme narrative as liquidity remains insufficient to support older Solana tokens.

Recent growth has increased USELESS’s visibility on social media, resulting in comparisons to the market capitalizations of public companies.

> BREAKING: At $378M, #USELESS has flipped CleanCore Solutions Inc $ZONE.
>
> They specialize in advanced cleaning technologies for industrial waste.
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> We specialize in producing waste.
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> And business is booming.
>
> — useless coin (@theuselesscoin) October 8, 2025

Currently trading at $0.37, USELESS is nearing its three-month peak but remains volatile with regular 50% price dips. With a market cap of $378M, it’s making significant strides in the meme space and is seen as capable of reaching a $1B valuation. USELESS has already surpassed trading volumes of other notable memes like TOSHI, FARTCOIN, and PENGU.

Status Among Solana Memes

Despite high trading volumes of almost $150M in the past day and showing the best activity since August, USELESS is not yet among the top 5 Solana memes by market cap. Currently, only PENGU, BONK, and Official Trump (TRUMP) exceed a $1B valuation, with USELESS around 50% of FARTCOIN’s value.

Rising volumes are expected to lead to price increases, positioning USELESS for new growth. While not an explicit cult, the token’s social media presence is keeping prices active.

Next, USELESS faces the challenge of achieving a $400M market cap, boosted by ongoing buying pressure and significant daily gains of over 31%. The token’s performance remains strong, demonstrating that Solana assets can thrive based on social media engagement, even amidst the absence of clear altcoin season indicators.

Broader Trends in the Market

USELESS is part of a growth trend occurring without clear signals of an altcoin season, with many assets in the top 100 not consistently outperforming BTC. However, USELESS recently exhibited enough investor enthusiasm for short-term growth, reflected in an unusual $58M open interest in derivatives.

Currently, USELESS boasts 34,663 holders, indicating a community size comparable to other major meme tokens. In the short term, most of the activity around USELESS may be driven more by speculative trading than by long-term holding intentions. Like other meme tokens, USELESS remains at high risk of price drawdowns and may revisit lower price levels before any breakout occurs.