USELESS has gained strong momentum recently. For instance, it recorded a 24-hour trading volume in excess of tens of millions of dollars, and some tracking suggests its on-chain volume and activity surpassed that of PEPE in certain short-time windows.
FAQs
Q1: What is $USELESS?
$USELESS is a meme-based cryptocurrency built on the Solana blockchain. It’s branded around irony, claiming to have “no use,” yet gaining traction as a cult community token fueled by social media hype and speculative trading activity.
Q2: How did $USELESS surpass PEPE in on-chain volume?
During a recent 24-hour period, $USELESS recorded higher on-chain trading volume than PEPE, driven by increased social media engagement, speculative demand, and high-frequency activity from retail traders on Solana-based decentralized exchanges.
Q3: Does higher on-chain volume mean $USELESS is more valuable than PEPE?
Not necessarily. On-chain volume measures transaction activity, not intrinsic value or market capitalization. It reflects trading interest, which can fluctuate quickly in the meme-coin sector.
Q4: Is $USELESS a long-term investment?
$USELESS markets itself as a meme token with no promised utility. While it can produce rapid gains, it’s highly speculative and subject to extreme volatility. It should be treated as a short-term, high-risk asset rather than a long-term investment.
Q5: What is the difference between $USELESS and PEPE?
PEPE, built on Ethereum, has a larger and older community, while $USELESS leverages the Solana ecosystem’s speed and low fees. This makes $USELESS trading more accessible to small, high-frequency traders, explaining its recent volume surge.
Q6: Why are meme coins like $USELESS gaining traction again?
Meme coins thrive on cultural engagement, viral marketing, and community-driven hype. Their low market entry barriers and high volatility attract traders looking for quick opportunities amid a broader altcoin lull.
Q7: How can traders monitor on-chain activity for $USELESS?
Traders can track $USELESS’s performance using blockchain explorers, Solana analytics tools like Solscan or DEX Screener, or volume aggregators to monitor wallet flows and liquidity trends.
Q8: What risks should investors be aware of with $USELESS?
Risks include high volatility, liquidity crunches, pump-and-dump schemes, and speculative hype cycles. Always verify transaction data and never invest more than you can afford to lose.
Hashdex's NCIQ has added Hyperliquid's HYPE token following a quarterly Nasdaq CME Crypto Index reconstitution.…
The SEC has proposed modernizing decades-old transfer agent rules to reflect electronic communications, blockchain-based recordkeeping…
Cronos validators halted the network after an exploit hit Tectonic. Security researchers estimate roughly $75…
Michael Saylor posted “We’re ₿ack” on X on August 30, reviving speculation that Strategy could…
Stacks is a blockchain designed to bring smart contracts and decentralized applications closer to Bitcoin.…
AIxCrypto says its recent Schedule 14C filing does not itself trigger share issuance or a…
This website uses cookies.