Bonk Guy Calls USELESS Again: Record Highs in Holder Addresses and Perpetual Contract Open Interest, Potentially Signaling a Strong Rally

BlockBeats news, September 18 — Renowned trader Bonk Guy posted that the Meme coin USELESS, with a market cap of approximately $270 million, has surpassed all other Meme coins except DOGE in trading volume on Coinbase. For comparison, the market caps of DOGE, SHIB, PEPE, and TRUMP are approximately $13 billion, $3.16 billion, $1.54 billion, and $556 million, respectively.

USELESS's Coinbase trading volume has long been higher than that of Meme coins such as SHIB, PEPE, and TRUMP. Meanwhile, its number of holding addresses and Hyperliquid perpetual contract open interest have both hit all-time highs, with spot and perpetual contract trading volumes remaining elevated, market attention persisting, and it has already entered first-tier trading platforms.

He believes that USELESS is developing the liquidity and adoption characteristics needed before a major expansion of a Meme coin, and does not rule out a strong rally that begins to catch up to DOGE's valuation, though this judgment is his personal opinion.