The meme coin market has been volatile lately, with many once-popular tokens struggling to maintain momentum. While established projects like NEIRO (-26%) and POPCAT (-37%) face steep declines, a newer entrant, USELESS Token, has seen an unexpected 35% surge this week, bringing it close to its all-time high of $0.120
Unlike its more well-known counterparts, USELESS Token lacks a long track record, raising questions about whether its recent gains are sustainable or just another short-lived hype cycle.
As a relatively new project with limited utility, its sudden rise highlights the speculative nature of meme coins, where prices can swing dramatically based on social sentiment rather than fundamentals.
This analysis examines whether USELESS Token’s momentum is backed by real demand or if it’s simply benefiting from a temporary market anomaly.
1. Breaking Down USELESS Token’s Rally: What’s Fueling the Surge?
Key Factors Behind the Price Spike
1.1 Community Hype & Viral Appeal
The token’s self-deprecating branding (“USELESS”) has resonated with crypto enthusiasts, mirroring the early days of Dogecoin (DOGE) and Shiba Inu (SHIB).
According to CoinGecko’s 2025 Meme Coin Report, tokens with ironic or humorous themes tend to outperform during bullish cycles due to social media virality.
Crypto Twitter (now X) analytics show a 48% increase in USELESS-related mentions over the past two weeks, suggesting growing retail interest.
1.2 Scarcity & Low Supply Dynamics
USELESS Token has a hard-capped supply of 1 billion tokens, making it far scarcer than meme coins like DOGE (unlimited supply) or SHIB (quadrillions in circulation).
LunarCrush data indicates that low-supply meme coins often experience higher volatility and rapid price appreciation due to concentrated trading activity.
1.3 Decoupling from Bitcoin’s Downtrend
While NEIRO collapsed 26% due to its 0.87 Bitcoin correlation, USELESS has shown relative independence, attracting traders looking for altcoin plays uncorrelated with BTC.
Santiment’s correlation analysis confirms that USELESS has maintained a BTC correlation below 0.4 over the past month, making it an atypical meme coin.
2. Fundamental Analysis: Does USELESS Token Have Real Utility?
2.1 The Bull Case: Reasons for Optimism
Strong Community Backing: The USELESS Discord and Telegram groups have grown by 62% in June 2025, indicating strong holder retention.
Potential Exchange Listings: Crypto analyst @CryptoKaleo tweeted that USELESS is “on Binance’s radar”, which could trigger another 50%+ pump if listed.
2.2 The Bear Case: Major Risks & Red Flags
No Real Utility: Unlike utility-driven altcoins (e.g., Solana, Avalanche), USELESS has no DeFi integrations, staking, or revenue-generating mechanisms.
Pure Speculation: Forbes Crypto recently warned that “meme coins without use cases are ticking time bombs”, citing the 2023 collapse of similar projects.
Regulatory Risks: The SEC’s 2024 crackdown on meme coins (e.g., $WLD, $FLOKI investigations) suggests that USELESS could face scrutiny if it gains more attention.
3. Comparative Analysis: USELESS vs. Other Meme Coins
Metric
USELESS Token
NEIRO
POPCAT
7-Day Performance
+35%
-26%
-37%
Market Cap
$95M
$210M
$180M
Key Strength
Low Supply
BTC Correlation
Ichimoku Cloud
Biggest Risk
No Utility
Macro Dependence
Bearish Breakdown
Key Insight: USELESS is outperforming peers but remains high-risk due to its lack of fundamentals.
4. Expert Opinions: What Analysts Are Saying
4.1 Positive Outlooks
@CryptoMichNL (200K followers):
“USELESS Token’s low float and strong community make it a short-term gem. If it breaks $0.12, we could see $0.20.”
4.2 Critical Warnings
Coin Bureau (YouTube, 2.3M subs):
“Meme coins like USELESS are purely speculative. Without utility, they always crash eventually.”
Bloomberg Crypto Report (June 2025):
“Investors should avoid overexposure to meme coins—history shows 90% fail within 12 months.”
5. Final Verdict: Should You Invest?
5.1 Short-Term Traders (High Risk, High Reward)
Entry: If $0.105 breaks, next target is $0.120 (ATH).
Exit: Take profits at $0.115–$0.120.
Stop-Loss: $0.085 (below recent support).
5.2 Long-Term Investors (Extreme Caution Advised)
Avoid heavy allocations—USELESS lacks real-world use cases.
Monitor developments: If the team introduces token burns or DeFi utility, reassess.
Final Rating: C+
Short-Term Potential: High (momentum-driven).
Long-Term Risk: Extreme (speculative asset).
Wrapping Up: A High-Stakes Gamble, Not an Investment
USELESS Token’s 35% surge is impressive, but its lack of fundamentals makes it a speculative play, not a long-term hold. While traders can profit from volatility, investors should wait for concrete utility before committing serious capital.
Jeremiah Musa lives and breathes storytelling. For over 12 years, he's chased breaking news, crafted hard-hitting features, and built content strategies that cut through the noise. These days, you'll find him leading the charge at The Bit Gazette, where he oversees a team of writers digging into the biggest stories in crypto.
Based in Dubai's fast-moving fintech scene, Jeremiah has a knack for translating complex blockchain concepts into sharp, engaging content. He's just as comfortable breaking down a Bitcoin whitepaper as he is explaining market moves to newcomers. Before diving into crypto, he cut his teeth in traditional financial journalism, covering everything from emerging markets to regulatory shakeups.
What keeps him up at night? Finding the human angle in every tech story. When he's not editing copy or prepping PR campaigns, he's probably arguing about the future of Web3 over karak chai or hunting down Dubai's best shawarma.