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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.

43 minutes ago

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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Crypto Meme project MEME’s market capitalization briefly surged past $130 million, marking a new all-time high.

According to GMGN data, the meme stock crypto project MEME on Robinhood Chain has been rallying, with its market capitalization briefly surging past $130 million to a new all-time high before pulling back to $115 million. The token has surged over 1,000% in 24 hours, with trading volume reaching $77.8 million. MEME leverages Robinhood, a stock trading platform, pairing with tokenized US theater chain AMC Entertainment (stock ticker: AMC) as its liquidity pool, providing liquidity via the MEME/AMC trading pair. BlockBeats Note: Stock Meme is an emerging concept that combines traditional meme coins with tokenized US stocks. Unlike meme coins paired with USDT or ETH, these tokens are directly paired with on-chain US stock tokens (such as NVDA, TSLA, AAPL, etc.). This model retains meme coins' high volatility and community-driven speculative traits, while tying to the popularity and narrative of real stocks. A portion of transaction fees often flows back to the community treasury to accumulate corresponding US stock tokens, forming a dual-driven mechanism of "sentiment speculation + real asset anchoring". Price fluctuations are significant, so investment requires caution.

1 seconds ago

A crypto whale spent $5,650 to buy PONS, reaping over 400x returns.

According to monitoring by Onchain Lens, the Ethereum address CUMBUCKET.ETH initially spent 3.17 ETH (approximately $5,650) to acquire 4.73 million PONS tokens. It has since sold 3.73 million of these tokens, netting a total of roughly $1.74 million in cash. The address currently holds 1 million PONS, valued at about $666,000. Calculated based on the cashed-out amount plus the value of remaining holdings, the combined realized and unrealized profits from this transaction total around $2.4 million, while the initial cost was only approximately $5,650.

1 seconds ago

DeGods founder spends $1,491 to buy MEME, earning an 810x return.

Per Lookonchain monitoring, DeGods founder Frank (@frankdegods) spent $1,491 to buy 11 million MEME tokens 11 hours ago; the holding is now worth over $1.2 million, delivering an 810x return.

1 seconds ago

AMC’s after-hours trading gains on US stocks widened to over 20%

According to market data from BIT (bit.com), U.S. cinema chain AMC’s after-hours trading gain has expanded to over 20%, with its current price standing at $3.07.

1 seconds ago

AMC CEO responds to Robinhood CEO: Demands an end to AMC stock token trading, plans to seek legal action to halt it.

AMC CEO Adam Aron responded to Robinhood CEO Vlad Tenev, saying Tenev’s concerns about AMC’s stock tokens are “almost existential for the company.” He questioned why Robinhood, a U.S.-based firm, is able to issue products that purportedly represent AMC stock but fail to comply with U.S. securities laws via an offshore entity based in Jersey. Aron noted that AMC spends millions of dollars annually to adhere to U.S. securities regulations, adding that Robinhood’s so-called “synthetic equity market” could decouple stock token trading from the financing arrangements of listed companies. Traditional stockholders hold rights such as voting, but Aron argued that stock tokens do not represent actual equity, meaning investors cannot access corresponding shareholder rights. Aron demanded that Tenev and Robinhood voluntarily halt AMC stock token trading; otherwise, AMC has retained external securities lawyers to explore measures to force Robinhood to cease such activity. He also said he will submit inquiries to the U.S. Securities and Exchange Commission (SEC) regarding Robinhood’s practices. Earlier reports stated that Aron released a statement this morning revealing Robinhood is advancing a tokenized real-world asset and stock token project involving AMC and more than 190 other companies. Aron clarified that AMC has no connection to the project, does not endorse the practices involved, and will immediately retain external securities lawyers to review the matter. Robinhood CEO Vlad Tenev responded that there is no need for concern.

1 seconds ago

Japanese and South Korean stock markets closed higher across the board, with SK Hynix rising more than 3%.

According to Bitget data, the Nikkei 225 index closed 806.46 points higher on Friday, September 4, rising 1.26% to 65,020.94 points. South Korea’s KOSPI index also closed up 107.73 points, or 1.64%, at 6,687.21 points on the same day, with SK Hynix gaining over 3% and Samsung Electronics rising 2.2%.

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