Token That’s Literally USELESS Is Crypto’s Latest Meme Cult
The cryptocurrency market has witnessed the rise of USELESS, a memecoin that has achieved a valuation exceeding $100 million by embracing its “uselessness.” This contrarian approach, openly mocking the often-inflated promises of other memecoins, has resonated with investors.
The project’s official website reflects this self-deprecating humor, further solidifying its unique brand identity. Unipcs, a prominent backer with a history of successful memecoin investments (transforming $16,000 into over $20 million through BONK-tracked futures), has played a crucial role in USELESS’s success. Their substantial early investment of $382,000 in 28 million USELESS tokens (approximately 2.8% of the initial supply) has yielded significant returns, exceeding $2.3 million at its peak. Importantly, Unipcs has not sold any of their holdings.
Unlike other memecoins often associated with animal mascots or established internet personalities (Dogecoin, Shiba Inu, Pepe, Mog), USELESS features a simple, community-designed golden coin logo with a “U.” This minimalist approach contributes to its anti-establishment appeal. The core argument presented by Unipcs and other supporters hinges on the inherent “uselessness” of most memecoins, despite their often-substantial valuations (Dogecoin at $26 billion, Shiba Inu at $7 billion, Pepe at $4.4 billion, etc.). This perspective positions USELESS as undervalued, given its current market capitalization.
USELESS’s success stems from its honest self-assessment and lack of grandiose promises, a refreshing change in a market often characterized by hype and over-promotion. The project’s growth is fueled by a self-reinforcing cycle: increased valuation leads to greater absurdity, attracting more attention and further driving up its price. This “flywheel effect,” as Unipcs describes it, has propelled USELESS to its current market valuation, demonstrating the potential of a memecoin built on irony and community engagement. To many, it represents the ultimate ironic commentary on the crypto market itself.
