Bitcoin News Today: Useless Coin Surges 40% After Coinbase Listing Roadmap Announcement

The cryptocurrency market continues to generate surprises, and the latest to capture attention is Useless Coin (USELESS). Despite its self-deprecating name and no discernible utility beyond its novelty, the token has experienced a sharp price surge following announcements regarding its potential listing on major platforms. The price of Useless Coin climbed over 40% within hours after Coinbase added it to its listing roadmap, pushing the token past $0.3 [1]. This sudden rise has drawn speculation and intrigue from both retail and institutional investors, despite the lack of underlying fundamentals supporting the movement.

Originating on the Solana network and launched in May 2025 via LetsBONK, Useless Coin quickly gained traction among key figures in the Solana community, such as Bonkguy and Solporttom. Its viral appeal is attributed to its satirical nature rather than any technological innovation. A community member noted that the token "does see some serious traction, and we’re watching it closely," highlighting the unusual attention it has garnered [2]. The growing interest appears to be translating into tangible market activity, with daily trading volumes spiking and signals of potential inclusion on additional platforms emerging.

Coinbase's decision to include Useless Coin in its listing roadmap has amplified market enthusiasm. While not an official listing, the roadmap announcement has acted as a catalyst, prompting investors to speculate on the likelihood of a broader market debut. The inclusion also brings the coin closer to being traded on a major global platform, which many view as a sign of legitimacy, even if only in the eyes of the market [3].

The price rally has not gone unnoticed by analysts. Bitget has projected continued gains, with forecasts suggesting the token could reach $0.1908 in August 2025, $0.1916 in September 2025, and $0.1949 by January 2026 [1]. These predictions are speculative and based on current market sentiment rather than any fundamental change in the token’s utility or use case. Unlike other altcoins that gain value from real-world applications or enterprise adoption, Useless Coin’s growth is fueled primarily by hype and retail trading activity.

The broader cryptocurrency market is also contributing to the token's ascent. The U.S. has seen regulatory developments, including the proposed GENIUS Act and BITCOIN Act, which have improved the legal environment for digital assets. This has encouraged a more risk-tolerant investor base, with many allocating capital to speculative tokens that might otherwise be ignored [3]. Additionally, Bitcoin and Ethereum have shown resilience, which has further emboldened investors to seek alternative opportunities with higher upside potential.

However, the future of Useless Coin remains uncertain. Analysts caution that its success is largely dependent on market sentiment and external factors such as regulatory shifts or broader economic conditions. If the market turns bearish or if the token fails to maintain interest, its price could just as easily collapse. The absence of a clear utility or corporate backing means the token is highly susceptible to volatility and external shocks [1].

In the current environment, where altcoins are beginning to outperform Bitcoin and the market is shifting toward a potential “altseason,” Useless Coin serves as a case study in speculative behavior. While it may continue to attract traders seeking short-term gains, its long-term viability remains unproven. Investors are urged to approach such tokens with caution, recognizing that their value is largely sentiment-driven rather than grounded in fundamentals.

Source:

[1] Useless Coin (USELESS) price Prediction (https://www.bitget.com/price/useless-coin/price-prediction)

[2] Useless Coin Defies Odds with Price Surge (https://coinmarketcap.com/community/articles/689cec5faa44a40f8119ea66/)

[3] Bybit X Block Scholes Institution Report: Drivers and Sentiments Behind Ether’s Recent Breakout and How Far It Can Go

[4] Bybit x Block Scholes Quarterly Report: Altcoin season and the evolving role of Bitcoin