i'm seeing a lot of posts on X using the following format lately:
'USELESS whale is buying XYZ token, so it's the next to pump'
'MYBAGS is the next USELESS token'
'this token has a similar chart to USELESS, so it's going to pull a USELESS pump soon'
i'm also seeing dozens of USELESS derivatives...
and a whole new meta forming around the 'USELESS' angle: 'simple', 'useful', 'utility', 'obvious', 'worthless', 'pointless', 'stupid', 'foolish', 'special', 'smart', 'some random new coin is the useless coin of pumpfun', "the irrelevant, jeety 'useless dev' who has nothing to do with the project anymore deployed some random scam so let's go and buy it because it is the next useless coin", blah blah blah
make no mistake, this is incredibly bullish for #USELESS coin!
this level of sidelined energy — manifesting through people chasing USELESS derivs, coping with knockoffs, or trying to LARP their coin as the 'next USELESS' or as 'pushed by USELESS whales' — only happens when people missed the actual coin
so while USELESS has pumped, a lot of people still have zero exposure
and that means just one thing:
regardless of short-term price action or overall market volatility...
with increasing whispers of a rate cut in July + war-induced macro fears being cleared
and with the $SOL ETF being likely any moment now
BONK looks like just the PvE play you want to be in if you want to play with size:
- flagship memecoin of the Solana blockchain - listed on all major retail exchanges: Robinhood, Coinbase, Binance, Upbit, etc - good unit bias - several products contributing to 7 figures in monthly BONK buy & burn pressure, and likely to accelerate - good price history and incredibly strong community - Bloomberg analysts put the odds of multiple altcoin ETFs getting approved at 90%, and BONK is one of the very few memecoins with several filings
BONK has the right fundamentals to pull the most explosive memecoin rally
i'm really struggling to see any reason to be bearish in this market right now
everything seems to be aligning perfectly to fuel the best risk-on environment we've had in a very long time:
- Israel-Iran tensions appear to be cooling down - three FED members have publicly suggested a July rate cut within the last 72 working hours - a Solana ETF is expected to be approved by July, according to Bloomberg analysts
i think $BTC likely reprices aggressively to new ATHs soon
followed by the mother of all alt seasons, where some of our memecoins and altcoins pull off the most explosive rallies imaginable, leaving many with their mouths wide open, gasping for breath
CT is the only place where so-called 'successful traders' will spend an entire month hating on a coin—calling it 'forced', 'weak', 'cringe', and 'boring'
...while it pulls a 3,000% rally in two weeks, makes new ATHs almost daily, and outperforms literally everything else
all while they sit sidelined, watching
you’d think these so-called 'successful traders' would care more about making money than about having an opinion and circlejerking each other
if the market believes a narrative is strong, viable, and worth pumping—and you think it's just a 'cringe' idea—maybe the market knows something you don’t. maybe your job as a trader is to simply submit and follow the trend?
this tweet is about #USELESS coin btw
and to the haters:
cope and seethe harder, because this is going way higher than anything you could ever imagine in your wildest dreams
or worse, write it off as 'just another #FARTCOIN deriv'
meanwhile, here’s the actual response I got from the founder of an investment firm with over $140B AUM, who is worth ~$3B, after I told him about #USELESS coin
there is so much panic and fear everywhere right now
many are even calling for the end of the cycle
periods like this are best for taking a break or buying dips in solid projects with strong narratives and/or good fundamentals
and don't get too greedy for more discount if you already have a very good discount on an asset you've been eyeing for so long
of course, you might look like a fool a few hours or days later if it keeps dipping, and that's alright!
but you'll look like a genius weeks or months later when we're trading much higher than we are right now
i do not believe the bull run is over, even if i'm the last bull standing
i resolutely believe we're going much higher this year
i expect new ATHs for BTC and for projects with strong narratives this year. and in my opinion, a lot sooner than most are anticipating, given how gloomy things feel right now
be very careful with leverage (now and throughout the cycle!)
it was just a month ago that the timeline united to coordinate a passionate hate and FUD attack against https://t.co/JI5WLCgw5I
it has now birthed the first recently-lauhched $100m+ market cap memecoin to emerge from the trenches (i.e. USELESS coin) in a while, yet everyone is interestingly silent
the higher USELESS coin goes, the more attention on BonkFun eco
and USELESS coin is an easy multi-billion dollar market cap narrative, so it's going much higher IMO
and then you have other strong BonkFun plays that have consolidated for a long-ass time and look primed to explode at any moment e.g. $HOSICO
and all of these will only further concentrate attention on BonkFun since it is a far superior launchpad to pumpfun and has better incentives
and BonkFun growth benefits $BONK due to the fee buy/burn flywheel
it's becoming increasingly hard to see a reason for devs to launch anywhere else besides LetsBONKfun tbh
at the end of the day:
- USELESS coin wins - BonkFun eco wins - $BONK wins - the entire space wins
markets and memecoins as a whole look bouncy today
#USELESS coin has one of the best looking charts in all of crypto right now
i'm betting that $USELESS is going to be the fastest horse on this next leg up for memecoins, and it probably rockets to new ATHs from here
USELESS coin is incredibly undervalued for what is one of the strongest memecoin narratives compared to other trending memecoins (i.e. other blatantly useless coins that may or may not explicitly admit this):
it’s easy to quickly lose track of what’s going on in a short-attention-span, hyper-rotational industry like ours
especially when everyone’s rushing to chase shiny new narratives every other day
so i figured i should post a quick overview of exciting developments #USELESS coin has had this month:
- it pumped from a $4.4m market cap bottom on June 5 to an ATH of $113m on June 18 — a 2,500% rally in just two weeks. one of the most explosive memecoin runs this year - it got featured by @Coindesk four times in 48 hours. they’re clearly obsessed with the narrative. coindesk is still the biggest crypto publication in the world with 30m+ monthly unique visitors and is the go-to source for mainstream media when it comes to crypto news - Coindesk literally called USELESS coin the next $XRP and tagged it as the hot new favorite of South Korean traders - USELESS got featured on Yahoo Finance, a big mainstream legacy media outlet - Kraken Co-CEO @arjunsethi and Asset Listings BD @pdimitrakos were publicly vibing and memeing about USELESS coin. CEX execs rarely do this unless a listing is on their radar. Kraken is one of the top US exchanges, so this is massive - Uphold (top retail trading app with 10m+ users) memed and highlighted $USELESS on its official Twitter. again, CEXs don’t do this for fun — if they’re publicly watching it, it’s usually because they’re eyeing it for a listing 👀 - USELESS crossed 13,000 holders and recorded more user growth than most top memecoins last week - multiple major crypto publications and top CT accounts were forced to acknowledge USELESS due to how strong the performance and meme was relative to the rest of the market - the community is evolving into a full-blown cult. even Coindesk had to call it 'crypto's newest memecoin cult'
so much has happened so fast, and it's easy to lose track in this kind of environment
but as we just witnessed with USELESS’s sudden, explosive 2,500% rally in 2 weeks...
those who can’t HODL tend to get sidelined
#USELESS is the next breakout blue-chip memecoin to watch