USELESS Meme Coin Surges 20,000% in Week, Faces Risks

Useless Coin (USELESS) has emerged as a prominent meme coin in 2025, capturing significant attention within the cryptocurrency community. Launched in May 2025 through the LetsBONK.fun launchpad, USELESS quickly surged from a market cap of $200,000 to $40 million within a week, marking an impressive 20,000% increase. This rapid rise was followed by a correction phase, where the token's market cap dropped to $5 million by June 5. However, within a month, it rebounded to nearly $300 million without major drawdowns, showcasing its resilience and potential.

One of the key factors contributing to USELESS's success is the backing of Bonk Guy, a trader known for accurately predicting the rise of Bonk (BONK). Bonk Guy's early support and continued promotion have been instrumental in driving USELESS from obscurity to becoming a popular meme coin. His involvement has added credibility and hype to the token, attracting a large community of followers who believe in its potential.

Despite its rapid growth, USELESS faces several risks. The project lacks transparency regarding its team and development plans. The official page and social media presence focus on building a brand identity rather than providing concrete information about the project's goals or utility. This lack of transparency raises concerns about the sustainability of its growth and the potential for a sharp decline if community support wanes.

Another risk is the reliance on key holders like Bonk Guy. If he decides to sell his holdings, the price of USELESS could face a significant drop. The token's future depends heavily on the actions of influential figures within the community, making it vulnerable to market manipulation and sudden shifts in sentiment.

Comparisons have been drawn between USELESS and Fartcoin (FARTCOIN), another meme coin that experienced a similar trajectory. FARTCOIN saw rapid price jumps followed by corrections, eventually reaching a market cap of over $350 million. However, its chart shows at least two deep corrections, highlighting the volatility and risks associated with meme coins. USELESS's current trajectory mirrors FARTCOIN's early days, raising questions about its long-term sustainability.

Despite the risks, USELESS remains one of the most talked-about meme coins, with its active community driving attention and mindshare. The token's future depends on both community momentum and the actions of key holders. As always in the cryptocurrency space, it is crucial for investors to conduct their own research and be aware of the high risks involved in meme coin investments.