Bonk Guy likened USELESS to last season's PEPE: a follow-up or exit could lead to a multi-billion dollar market cap surge

BlockBeats News, September 4th, Trader Bonk Guy (Unipcs) posted that the Solana ecosystem Meme token USELESS currently has a 24-hour spot trading volume of $167 million, with a perpetual contract volume reaching a staggering $1.87 billion. The perpetual contract open interest on Binance alone is $32 million, exceeding the open interest of many blue-chip Meme coins with much higher market capitalizations. Moreover, the spot volume, perpetual volume, open interest, and number of holders have all hit record highs, with approximately 9,000 new holders added in the past week. These are all data points typically seen at the peak of a bull market.

More importantly, these numbers have appeared before the broader market has truly entered full risk-on mode and before the bull market has officially kicked off, which is often overlooked. In the previous cycle, PEPE also saw a sharp increase in volume, leverage, holders, and attention before the entire meme coin market truly took off, leading to a super-rally with a market cap soaring to tens of billions of dollars, sparking the entire meme season. I sincerely believe that USELESS will follow a similar path this time: if it has already displayed bullish market-level data before the market accelerates, what will happen when the overall market truly rallies? Many people will look back at the current position and probably regret not positioning themselves earlier when the signals were so clear. Most people are actually not prepared for the upcoming market movement.

According to GMGN data, the Solana ecosystem Meme coin USELESS has surged another 57% in the past 24 hours, with a market cap rising to $227 million. It is worth noting that "Bonk Guy" himself holds 15.9 million USELESS tokens.

BlockBeats reminds users that Meme coins often lack practical use cases, have high price volatility, and investments should be made with caution.