USELESS Short Squeeze Breaks Through $190 Million Market Cap, Surges Over 58% in 24 Hours

BlockBeats News, September 3rd, according to GMGN data, Solana's USELESS meme coin experienced a short-term surge, surpassing a $1.9 billion market cap, with a more than 58% increase in the last 24 hours and a 24-hour trading volume of $20.6 million.

On September 1st, "Bonk Guy" stated that his bullishness on USELESS currently exceeds even that of BONK's 2023 trading, believing that USELESS had previously surged from a market cap of about $4 million to $450 million in a non-bull market environment. If it experiences a true bull market for the first time in the future, a larger price increase may occur. After "Bonk Guy" made the bullish statement on the 1st, USELESS surged over 50% in a single day, with a market cap exceeding $1 billion.

BlockBeats reminds users that meme coins often lack practical use cases, experience significant price volatility, and investment should be approached with caution.