AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
In 2013, when the crypto ecosystem was still in its early days, software engineers Billy Markus and Jackson Palmer created a satire coin that mocked the emerging ecosystem. Designed purely as a joke, the token had no utility and an infinite supply. Twelve years later, everyone familiar with web3 knows its name: Dogecoin. It’s the eighth-biggest cryptocurrency, with a market cap of over $28 billion.
Like Dogecoin, USELESS is also the product of a satirical project. True to its name, the coin offers nothing to its users: no staking, no governance and no yield. But despite (or because of) this, it has quickly built a loyal community and reached over $360 million market cap in a matter of months. In this article, we break down what Useless Coin is, why it’s exploded in popularity and how users can trade USELESS on Bybit.
Key Takeaways:
USELESS is a Solana meme coin that intentionally offers no utility.
Launched via the LetsBonk.fun platform, Useless Coin has tapped into the Bonk ecosystem to reach a $360 million market cap within months.
Bybit now offers the USELESSUSDT Perpetual contract, allowing users to trade the token with up to 12.5x leverage.