93% drawdown
solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk will become one of the greatest comeback stories to ever be told
FOMO is climbing
Conviction = Delusion
Delusion = Conviction
Whatever happens is the story that gets spoken
USELESS hit $400m ATH with perpetual open interest on Lighter DEX exceeding DOGE, SHIB, PEPE, BONK, PENGU, TRUMP, FLOKI, SPX, WIF, and POPCAT. a token advertising zero utility has deeper derivative markets than assets 10x its cap. survived an 80% drawdown over 6 months where typical meme drawdowns hit 90-95%. when the founder of OpenZeppelin is telling friends to exit aave and compound because AI exploits make all defi unsafe, turns out having no smart contract surface area to attack is its own form of security. it is incredibly embarrassing that we needed a token called USELESS to prove that transparent speculation with clean distribution outperforms governance theater with hidden extraction
why i think USELESS coin is the next breakout memecoin
'Cryptocurrency is USELESS... Just a Scam' - Bill Gates
this thread is a deep-dive on why i’m incredibly bullish on USELESS coin and my thoughts on its potential
but first, let me tell you a story:
one of my more recent trades that i'm often praised for is my FARTCOIN trade
'bonk guy is a chad, he turned low six figures to $7.1 million+ on FARTCOIN in 2 months. let's call him fartcoin guy too!'
what many do not know is that i first had an opportunity to buy fartcoin at $250k market cap when someone pinged it in The Lab and suggested buying it because it was funny—a mockery of crypto itself!
but i faded it
several other Lab members tagged me again as it pumped from sub $1m to $20m market cap
but i faded them too because i just didn’t get it
Fartcoin was already trading over $100m market cap before i finally *got* it
i started waiting for a dip and didn’t get one, so i ended up FOMO-buying around $200k worth at a $200m market cap
i was hoping for a deeper pullback to accumulate more, but it never came
then it just straight on ripped to $2.7 billion market cap
this was before the post-Inauguration-induced market meltdown, which led to its price crashing 92% down to $200m
that’s when i sized into my famous FARTCOIN perps trade that i’m now known for
USELESS feels like i'm being given an opportunity to take that Fartcoin trade again
except this time, i *GET* it
and unlike the dozens of Fartcoin beta and derivatives out there today, USELESS is its own unique narrative!
a brand new narrative with the potential to hit insane FARTCOIN-like levels—all by capitalizing on what almost everyone outside the crypto bubble uses to describe crypto: USELESS
be it Bill Gates
(screenshot in intro)
Harvard professors
Wall Street titans like Jamie Dimon
or normies on Reddit
there’s overwhelming consensus among almost everyone outside the crypto bubble—from billionaires like Bill Gates to academics, celebrity finance figures like Jamie Dimon, and average Reddit anons — that crypto is USELESS
and that's exactly why USELESS has the potential to achieve true mainstream memecoin virality in a way similar to Fartcoin
because it proves their point—and forces them to talk about it and mock it
USELESS is the purest memecoin in the sense that it does not pretend to be a PoW, PoS, L1, L2, AI, RWA or anything coin
it literally just tells you it's a USELESS coin
and the higher it goes, the more likely it is that the people who hate crypto—from media to billionaires to Reddit posters—will amplify it by mocking it
'hey, did you see that USELESS coin? It had a market cap of $50 m last week and is now worth $100m. what a joke crypto is!'
'BREAKING: USELESS coin hits $100 million market cap!' 😂😂😂
you can't help but laugh so damn hard reading all of those headlines and side comments!
to make things more interesting:
i'm in about a dozen alpha groups in the trenches
elite groups that are extremely hard to get into—some with just a few dozen members
you can't pay to get into most: you get invited if you're deemed extremely good at degening and winning big in the trenches
and not once have i seen this much confluence across all of them about the potential of a single token to achieve Fartcoin-like virality and success across all of these groups than i’ve seen with USELESS
the thesis is simple: all of crypto is USELESS
be it BTC, ETH, SOL, memecoins, AI agents... doesn't matter
literally everything is useless
or at least that is what everyone outside of crypto thinks
so what's more attractive to bid than a literal USELESS coin? 😅️️
key metrics aligning to make USELESS the next breakout memecoin
i’ve already highlighted the confluence in alpha groups, but there are several other key signals aligning for USELESS:
- strong OTC demand: people in multiple alpha groups are asking about size OTC buys
- on-chain holders: fastest holder growth of any memecoin launched on LetsBONKfun to date
- very healthy chart: held up while most of the trenches were getting nuked; continues to make higher lows = strong accumulation ongoing
- CEX FOMO kicking in: i’ve heard from multiple sources that top CEXs are watching closely. KuCoin listed organically (super rare). wouldn’t be surprised if others are silently accumulating
- key trenches and memecoin accounts already pushing it: respected voices publicly treating it as high-conviction
so, why THIS particular USELESS coin?
do you know my biggest regret this cycle?
missing the $PEPE trade
it was right there in my face... first around $2m market cap, then $10m, then $20m, then $100m
but i faded it each and every time for many reasons
prior to that a thousand 'PEPE' coins had been launched and none had traction
so why bid this particular pepe coin, right?
this one had something no other Pepe coin had prior to it: traction, mindshare, and sustained volume and price growth
it is the same with USELESS in my book
yes, several 'USELESS' coins might have been launched in the past
but this is the first one to have any real and sustained traction
and if the Pepe playbook is anything to go by, this looks like what will make that narrative stick and go mainstream!
to wrap this up
every time USELESS pumps:
- it mocks all the 'useful' utility coins faking innovation
- it mocks crypto as a whole
- it reinforces what crypto critics love to say: that everything here is useless
- it gives the anti-crypto crowd a new rallying point—and in doing so, gives the coin attention, which fuels it further
so take a second and think about this deeply:
what’s more bullish than normies talking about a coin called USELESS?
imagine checking your exchange and seeing USELESS as the top gainer, up 100% on the day
imagine hopping into your favorite crypto groups and seeing everyone talking about USELESS
imagine logging into X and seeing USELESS trending
does it grab your attention?
i bet it does
Following solana:5UUH9RTDiSpq6HKS6bp4NdU9PNJpXRXuiw6ShBTBhgH2 recent momentum, USELESS is just following closely
But overall market still doesn’t have the right conditions for a parabolic run like what many are hoping for in this bear market
Targets are conservative aligning with current market conditions unless otherwise
solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
My targets are conservative for it
100m, bought into the early momentum when I saw from its consolidation period at 30m mc and bought into when confirmation of momentum was at 45m-50m mc
Is this generational luck?
The price dropped below my SL and somehow my SL was triggered. My oil position is now back to breakeven as I type this lmao
Was a swing trade earlier that I forgot to close lmao
$USELESS coin just got mentioned live on CNBC by prominent real estate tycoon and billionaire Barry Sternlicht:
"Crypto — there are worthless coins with $20+ billion market caps. There's a coin called USELESS. It's [literally] useless. It debuted in March 2025, and it went to a $700 million valuation. And the coin says, 'we are completely useless.'"
Sternlicht is worth $3.1 billion, but something about USELESS struck a nerve with him!
there will be many more like him: billionaires, politicians, trust fund kids, degens, and many more
and soon they will all rally to give USELESS the attention it needs to go mainstream and cement itself in the halls of the top 3 biggest memecoins to ever exist
some will buy the coin, and many will publicly and passionately mock it — but they'll all work toward the same purpose: giving it the capital and attention it needs to explode into the mainstream memecoin hall of fame
the USELESS coin idea is so blatantly genius that it just stares you in the face… but many will take it for granted until they get it all of a sudden — most likely after it has become too late
USELESS is the one coin that describes the entire $34 billion memecoin sector
USELESS is the one memecoin that describes 99.9% of the entire $2.35 trillion crypto industry
oh, tech stocks are suddenly shaving off trillions due to the AI revolution making a lot of things redundant, and certain crypto narratives are dying off as a result? well, USELESS is insulated from that… because it is useless!
the first USELESS run to a $450 million+ ATH was just the test pump
the current accumulation stage is exactly what is needed for key power brokers and movers to accumulate sizable supply just in time for this to go mainstream as we enter the next phase of evolution in the world financial markets
the next USELESS explosion won't be fueled by CT — it will be fueled by normies, billionaires, and everyone in between who realize that they can simply rally behind the most useless asset in human history just as the world as they have come to know it unravels
Our MVP $USELESS has made memecoin history 🏆
What a match! What a performance!
We'll be seeing you on pitch for the Atlético de Madrid vs Barcelona match in April! 🔥 @atleti@atletienglish