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Bonk Guy compares USELESS to PEPE from the last crypto cycle, hinting it could later stage a super rally to reach a multi-billion dollar market cap.

2026.09.04 14:19:10

Trader Bonk Guy (Unipcs) posted that Solana ecosystem meme token USELESS has recorded $167 million in 24-hour spot trading volume, with perpetual contract volume surging to $1.87 billion. Open interest in perpetual contracts on Binance alone stands at $32 million, a scale that outpaces many blue-chip meme coins with far higher market caps. Additionally, its spot volume, perpetual volume, open interest, and holder count have all hit all-time highs, with around 9,000 new holders added in the past week — all metrics typical of a bull market peak. Critically, these figures emerged before the broader market has fully embraced risk-on sentiment or the official start of the bull run, a detail many have overlooked. In the last cycle, PEPE also saw a sharp surge in volume, leverage, holders, and attention long before the broader meme coin market exploded, later rallying to a multi-billion-dollar market cap and driving the entire meme season. I truly believe USELESS will follow a similar path: if it already posts bull-market-level data before the bull run accelerates, imagine what will happen when the overall market picks up. Many will likely regret not positioning early when the signal was so clear, as most are unprepared for the upcoming rally. Per GMGN data, Solana meme token USELESS rose another 57% in the past 24 hours, pushing its market cap to $227 million. Notably, Bonk Guy himself holds 15.9 million USELESS tokens. BlockBeats reminds users that meme coins generally have no real use cases, are highly volatile, and require caution when investing.

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