Key Takeaways:
Useless Coin launched in May 2025 via LetsBONK.fun and quickly surged from a $200K to $40M market cap within a week.
Bonk Guy, known for predicting Bonk, was an early buyer and continues to promote the token to his followers.
After its May ATH, the token corrected to $5M, but within a month climbed back up to nearly $300M market cap without major drawdowns.
Useless Coin (USELESS) started its journey like many other meme coins — fast, risky, and surrounded by hype. But now it’s one of the most talked-about tokens of 2025. Why did this happen, and what risks should traders be aware of?
One thing that sets Useless Coin apart is the backing of Bonk Guy, the trader who first predicted Bonk’s (BONK) rise. This early support and continued promotion have helped drive USELESS from obscurity to becoming a popular meme coin.
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The Beginning of USELESS
USELESS was launched in May through the LetsBONK.fun launchpad, one of Pump.Fun’s main competitors. The platform itself started only in April, making token its first major ecosystem project.
Between May 10 and May 17, the token surged from a market cap of $200,000 to $40 million, marking a jump of roughly 20,000%. After that, Useless Coin entered a correction phase, leading many in the crypto community to write it off as another pump-and-dump. In true meme coin fashion, it saw a rapid rise followed by a sharp decline.
Behind USELESS is a trader known as Bonk Guy, famous among traders for predicting the rise of Bonk (BONK), the meme coin that sparked a new gold rush in the space. Bonk Guy faced criticism for promoting the project and sharing what some called “misleading” insights with his followers. He bought the token near its launch when its market cap was around $200,000 and continued to hold and post about the token.
The correction lasted until June 5, when USELESS fell to a market cap of $5 million, just 20 days after reaching its all-time high (ATH) of $40 million in May. But within a month, its market cap reached $250 million without major drawdowns, suggesting that Bonk Guy may have been right after all.
Source: DexScreener
The Risks Behind USELESS
Almost nothing is known about the USELESS team. The project has an official page and an X (Twitter) community, where daily posts link the token to its brand identity. As of July 4, the account had nearly 7,000 followers.
The meme coin’s concept is simple: it’s “useless” but might make you rich. It hints at a crypto market reality where utility often doesn’t drive price action, as seen in many serious projects struggling to gain traction despite clear use cases. Useless Coin has no utility or defined goal, relying instead on its large community and Bonk Guy’s support.
At some point, community activity may slow down. Liquidity, especially in meme coins, tends to flow to newer and trendier tokens. While USELESS is growing now, no rally lasts forever. The higher its market cap climbs, the greater the chances of a correction.
Bonk Guy hasn’t sold his USELESS holdings yet, but when he does, the price could face a sharp drop. No one knows what target he has set for himself.
Is USELESS the New Fartcoin?
The crypto community has started comparing Useless coin to Fartcoin (FARTCOIN). Their charts are indeed similar. FARTCOIN saw a rapid price jump in its early days, followed by a long correction that bottomed out.
Later, like USELESS, it surged again, reaching a market cap of over $350 million. After launching in October 2024, FARTCOIN peaked at $2.5 billion in January 2025.
However, the chart shows at least two deep corrections along the way. One came after about a month of strong growth (similar to what USELESS is showing now), when market cap fell from around $400 million to below $120 million.
Another correction hit after FARTCOIN reached $1 billion, dropping it to $650 million.
Source: DexScreener
Hype, Risks, and the Need for DYOR
Today, USELESS remains one of the most talked-about meme coins, with its active community driving attention and mindshare rising by nearly 84% last week compared to other Solana-based meme coins, according to Messari.
While it offers opportunities for those chasing fast gains, the meme coin also carries the high risks typical of meme coins. Its future depends on both community momentum and key holders like Bonk Guy. As always in crypto, do your own research before making any decisions.
The post Why Is USELESS Called the #1 Meme Coin of 2025? appeared first on Cryptonews.
