USELESS surges 38% as perpetual-market inflows top $500 million

  • USELESS surged about 38% in one day amid perpetual-market capital inflows.
  • $500 million entered USELESS’s perpetual market alongside strong long positioning.
  • USELESS gained 183% over the past week.

USELESS, a meme token on Solana, surged about 38% in one day as more than $500 million flowed into its perpetual market alongside strong long positioning. The move extended its gain to 183% over the past week, highlighting continued investor interest in the token. USELESS had previously surpassed a $300 million market capitalization after rising more than 32% in 24 hours, with GMGN data valuing it at $311 million on Sept. 9. Bonk Guy wrote on Sept. 1 that he was more bullish on USELESS than he had been while trading BONK in 2023, noting its rise from about $4 million to $450 million in market value outside a bull market. He said a first genuine bull market could produce a larger advance. USELESS had gained more than 215% since his initial mention. Odaily cautioned that meme-token prices can be highly volatile and urged investors to participate carefully.

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