Speculative Hype Drives USELESS Coin's Volatile 18% Spike

Social media engagement has driven a 18% surge in the price of USELESS Coin, a memecoin launched in May 2025 on the Solana blockchain, over the past 24 hours. Despite the sharp rise, trading volumes have remained weak, raising questions about whether the momentum can be sustained. According to data from AMBCrypto and Coinalyze, the coin has seen a recovery in open interest to $27.37 million and improved On Balance Volume (OBV), but the trading volume remains significantly lower than mid-August levels when it approached $500 million. The volume as of now is the lowest since August 11, limiting the speed at which the coin can reach the $0.36 price level.

The price surge aligns with elevated social sentiment, as evidenced by LunarCrush data, which reported that social activity related to USELESS Coin accounted for 0.15% of all crypto-related chatter. This surge in social engagement is attributed to community-driven hype, which has pushed the token to a 24-hour gain. However, the price remains 49% below its all-time high of $0.415 recorded in July 2025. While the OBV and moving average convergence divergence (MACD) indicators suggest buyer dominance, the momentum remains fragile, with analysts cautioning that weak technical fundamentals could stall further gains.

Smart money activity has been a key underpinning of the rally. Data from Coinalyze indicates that the Long/Short Accounts Ratio stood at 1.539, signaling continued buyer participation. Additionally, the Aggregated Buy/Sell Volume showed that spot buy volume was more than double that of sellers, reinforcing the strength of capital inflows. StalkChain data further supports this trend, showing that USELESS ranked first in net buys over the last 24 hours, with $372K in inflows. This inflow positioned it as a top performer, second only to Fartcoin in weekly and monthly flows.

The increased demand has also been observed in the broader market, with rising exposure from Chinese traders, as noted by Bonk Guy. Traders have likened the coin's attention-grabbing appeal to other meme assets such as Shiba Inu (SHIB) and PEPE (PEPE). This regional shift suggests a growing appetite for meme tokens in emerging markets, which may contribute to further price appreciation. However, the token’s utility remains non-existent by design, as it is marketed as a satirical commentary on the crypto space and offers no roadmap or future utility.

Looking ahead, the price action is expected to hinge on whether capital inflows and market conditions continue to support the rally. The wedge pattern on the hourly chart indicates that the price may test the $0.36 level if conditions improve, but achieving this would require stronger volume. For now, the token’s price performance remains highly speculative, driven by sentiment rather than underlying fundamentals. Analysts have emphasized that for the rally to extend, it will need more than just social media traction—it will require sustained capital inflows and favorable market dynamics.

Source:

[1] Useless Coin Price, USELESS Price, Live Charts, and ... (https://www.coinbase.com/price/solana-useless-coin-bonk)

[2] Useless Coin (USELESS) Price Today, News & Live Chart (https://www.forbes.com/digital-assets/assets/useless-coin-useless/)

[3] Social chatter fuels USELESS Coin's 18% rally (https://ambcrypto.com/social-chatter-fuels-useless-coins-18-rally-more-upside-ahead-if/)

[4] USELESS AI Price Chart (AILESS) (https://www.coingecko.com/en/coins/useless-ai)