According to @KookCapitalLLC, the memecoin USELESS has surged to a valuation near $100 million by embracing its 'useless' identity, a narrative that positions it as the ultimate memecoin. One of its largest backers, Unipcs, stated in a Telegram chat that since all memecoins are technically useless, USELESS is incredibly undervalued compared to giants like Dogecoin or Shiba Inu. In a contrasting development, the social media platform X has suspended the official account of the popular Solana memecoin launchpad, Pump.fun, along with its co-founder and other related accounts, without providing a reason. This action has fueled speculation about a broader crackdown on memecoin platforms. Despite the suspension, Pump.fun's website remains operational, continuing to launch Solana-based tokens. This uncertainty in the memecoin ecosystem occurs as Solana (SOL) trades around $151, showing a positive 24-hour performance against the US dollar.

According to @NFT5lut, the USELESS memecoin has surged to a $100 million valuation by ironically embracing its own lack of utility. The official website and community rally behind the idea that the coin is intentionally 'useless,' positioning it as a pure play on meme culture. One of its most prominent backers, Unipcs, described USELESS as the 'greatest memecoin narrative to emerge' this year in a Telegram chat, arguing that since all memecoins are technically useless, USELESS is the most honest representation. Unipcs invested $382,000, which grew to over $2.3 million at its peak, and has not sold any tokens. He believes the coin is incredibly undervalued compared to giants like Dogecoin (DOGE) and Shiba Inu (SHIB), suggesting its value comes from the flywheel effect where rising prices attract more attention, further fueling its growth.

According to @moonshot, a new token named USELESS has achieved a valuation approaching $100 million by embracing its 'useless' identity, a narrative its backers believe positions it as the ultimate memecoin. One major investor, Unipcs, suggests it is undervalued compared to established memecoins like Dogecoin and PEPE. In contrast, Pepe (PEPE) has declined 4.7% to $0.000009499 as investor interest shifts back to Bitcoin (BTC), whose market dominance has now exceeded 65%. Technical analysis cited by the source identifies a significant resistance level for PEPE at $0.00001013 and a key support zone between $0.00000946 and $0.00000950, reflecting a broader risk-off sentiment impacting high-beta altcoins.

According to @OnchainDataNerd, the USELESS memecoin has surged to a valuation near $90 million by capitalizing on its ironic 'useless' branding. A key supporter, Unipcs, reportedly argues that USELESS is significantly undervalued compared to other memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), viewing its absurdity as a strength that attracts attention. In parallel, the report highlights extreme volatility in derivatives trading, where a trader on HyperLiquid known as AguilaTrades turned a $10 million unrealized profit into a $2.5 million loss on a leveraged Bitcoin (BTC) long position. This loss occurred as BTC continues to trade in a tight range, which the source identifies as being between approximately $100,000 and $110,000, making highly leveraged plays exceptionally risky.

According to @moonshot, the new memecoin USELESS has surged to a $100 million valuation by embracing its 'useless' identity, a narrative that has attracted significant investment. One major backer, Unipcs, invested $382,000, which grew to over $2.3 million at its peak, and argues the token is undervalued compared to other memecoins like Dogecoin and Shiba Inu. In contrast, Pepe (PEPE) is experiencing a downturn, falling 4.7% to $0.000009499 as hype from a previous Elon Musk nod fades. This decline is attributed to a broader market shift towards Bitcoin (BTC), with BTC dominance climbing above 65%, signaling reduced risk appetite among investors. For traders, PEPE faces strong resistance at $0.00001013 and has found short-term support in the $0.00000946–$0.00000950 range.

According to @moonshot, crypto's latest cult token, USELESS, has capitalized on the 'useless' narrative to reach a valuation of nearly $90 million. One of its largest backers, Unipcs, argues that since all memecoins are technically useless, USELESS is incredibly undervalued compared to giants like Dogecoin (DOGE) or PEPE. In contrast, the prominent memecoin Pepe (PEPE) is struggling, having fallen 4.7% to $0.000009499. This decline is attributed to fading hype, despite a previous nod from Elon Musk, and a broader market shift towards Bitcoin (BTC), whose market dominance has now climbed above 65%. For traders, PEPE faces strong resistance near $0.00001013, with a short-term support zone identified between $0.00000946 and $0.00000950. This trend highlights a growing investor preference for BTC over high-beta altcoins like PEPE during periods of market uncertainty.

According to @moonshot, the memecoin Pepe (PEPE) has seen its price fall by 4.7% over the last 24 hours to $0.000009499, continuing a downtrend driven by fading hype and a broader market rotation into Bitcoin (BTC). The source's technical analysis identifies strong resistance for PEPE near $0.00001013 and a short-term support zone at $0.00000946–$0.00000950. This decline is attributed to Bitcoin's market dominance climbing above 65%, pulling capital away from high-beta altcoins like PEPE. In contrast, a new token named USELESS has surged to a $100 million valuation by embracing the narrative that all memecoins are inherently useless. A major backer, Unipcs, argues this makes USELESS undervalued compared to multi-billion dollar memecoins like PEPE, suggesting its value is driven by a community-powered 'flywheel effect' of absurdity.

According to Phantom, last week’s highest-performing tokens were Aura, Mask, Launchcoin, Fartcoin, and Useless, signaling strong market momentum and increased trading activity for these altcoins (source: Phantom Twitter, June 16, 2025). Traders should note that these tokens have seen significant community engagement and price volatility, often driven by social sentiment and speculative trading. Monitoring volume surges and liquidity shifts for Aura, Mask, Launchcoin, Fartcoin, and Useless can offer actionable trading setups, particularly for short-term momentum strategies.

According to Lookonchain, Unipcs (@theunipcs) invested $381.9K to acquire 28.08 million USELESS (USELESS) tokens, now valued at $2.4 million, resulting in an unrealized profit of over $2 million. Despite this significant gain, Unipcs's overall wallet remains in deficit, as he holds positions in 48 different tokens and 44 of these are currently at a loss. Only USELESS has delivered considerable profits, highlighting the volatility and risk diversification challenges in altcoin trading. This situation underscores the importance of portfolio risk management for crypto traders and the outsized impact that a single successful altcoin pick can have on overall portfolio performance. (Source: Lookonchain, June 16, 2025)