According to @KookCapitalLLC, the USELESS memecoin has surged to a $100 million valuation by embracing a narrative of being entirely without utility, a move that backers see as the ultimate, most honest form of memecoin. The analysis highlights that one major supporter, Unipcs, invested $382,000, now worth over $2.3 million at its peak, arguing the token is undervalued compared to multi-billion dollar 'useless' peers like Dogecoin (DOGE) and Shiba Inu (SHIB). However, the source also issues a stark warning that this trend is symptomatic of a broken Web3 funding model dominated by 'Ponzi VCs' who prioritize rapid token exits over building sustainable products. This model, described as a 'rolling Ponzi scheme', is attracting increased regulatory scrutiny, evidenced by a recent 97-month prison sentence for a crypto platform co-owner. While market data shows active trading in assets like Ethereum (ETH) around $2,514 and Solana (SOL) at $147, the analysis argues the industry's future is at risk unless capital shifts from hype-driven churn to funding genuine, long-term utility with stricter vesting schedules.

According to @bolsaverse, the unique economic model of AVAX, described as 'ponzinomics', is a key factor driving interest in the BlubBlobCoin presale. This interest highlights a trend where investors are drawn to new coin offerings that promise innovative or distinctive financial structures.