Useless (USELESS): Leading meme coin on LetsBonk launchpad
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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.