USELESS Token Triggers Hourly Liquidation Frenzy Following Binance Perpetual Futures Launch
Le meme coin qui valait zéro devient soudainement un tueur de portefeuilles.
Binance ouvre les vannes - et les liquidations déferlent.
USELESS, le jeton qui porte bien son nom, a enflammé les comptes sur marge après son listing en contrats perpétuels. Les traders sous-estimant sa volatilité se sont fait balayer en cascade.
Les paris 100x rencontrent la réalité 100% dure. Les carnets d'ordres ressemblent à un champ de bataille - longs et shorts liquidés sans discrimination. Même les bots algorithmiques ont l'air désorientés.
Pendant ce temps, les requins des marchés profitent de la folie comme d'habitude. Une autre journée normale dans le casino décentralisé.
USELESS became the liquidation leader in hourly trading, after Binance announced a perpetual futures market, leading to a short squeeze. | Source: Coinglass
Based on the USELESS liquidation heatmap, the token may rally further to around $0.35 to attack the accumulated liquidity.
USELESS is still building up its open interest, at around $28.7M. The token’s main activity is on Gate.io, with smaller pairs on Orca and Raydium. Despite this, USELESS has turned up among the most active assets for the day, showing it can generate significant hype. USELESS started at around $0.012 in May, gaining over 2,175% in the year to date.
USELESS is also already a Binance Alpha token, adding to its exposure and amplifying the market reaction. Despite the meme’s recent start, the asset is also available on Binance.US. The token is also represented on Kraken, as the exchange is one of its biggest holders.
The USELESS rally was triggered by the announcement of a new perpetual futures market on Binance. Trading was scheduled for 12:15 UTC, causing a rally on other USELESS markets.
USELESS is still building up its liquidity, as even top decentralized traders have only extracted $1.7M from the project, a relatively small haul compared to the boom period of meme tokens. Whales were also mostly selling USELESS during the recent rally, aiming to realize larger gains.
USELESS draws attention to LetsBonk tokens
USELESS is the leading token to graduate from the LetsBonk launchpad and build liquidity and a cult following. The token carries a total market cap of $324M, while the total value of the LetsBonk ecosystem tokens was around $508M.
The token has 31,787 owners, on par with other cult assets, with 13.9K followers on social media. USELESS focuses on its lack of any utility, joining the list of “financial nihilism” tokens.
We’d say "trust the process," but there isn’t one
— useless coin (@theuselesscoin) August 15, 2025
The biggest advantage of USELESS is the meme token status, which the US Securities and Exchange Commission still considers entirely different from unregistered securities. USELESS also leans into the lack of utility of meme tokens in general.
Can USELESS go to $1B valuation?
USELESS uses humor to keep its community together, one of the recipes for meme tokens that rarely lose their appeal. The token also targets the $1B valuation, a golden standard for memes. Previously, cult tokens like GIGACHAD and fartcoin were the first launchpad assets to trade at above $1B market cap.
Only four solana meme tokens retain a valuation above $1B, as the market generally shrinks from its peak. USELESS is still ranked sixth among Solana meme tokens, with a total valuation of $1B. Even BONK, the token behind the LetsBonk launchpad, is valued at around $1.8B.
Despite this, USELESS is highly active on social media and may become the next Solana meme token to gain prominence and adoption.
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