Coinbase Lists USELESS, Solana’s Meme Coin, for Spot Trading

Coinbase announced the listing of USELESS, a Solana-based meme coin, for spot trading as of August 19, 2025, stirring notable market interest.

The listing has driven significant on-chain activity, including a 7% price surge for USELESS, highlighting the market’s responsiveness to high-profile exchange listings.

Historical Context and Volatility in Meme Coin Market

Coinbase’s recent announcement of listing USELESS, a Solana-based meme coin, for spot trading marks a noteworthy step in the meme coin landscape. “The addition of USELESS to our platform reflects the growing interest in meme currencies within the cryptocurrency community,” remarked Brian Armstrong, CEO of Coinbase. The market has reacted notably, with USELESS recording a 7% price surge and heightened trading volumes. Market enthusiasm underlies this reaction, showing the sensitivity of meme coins to exchange listings.

Large-scale whale activity registered in the Solana ecosystem, with significant purchases made in USDC and ETH. These acquisitions hint at potential broader impacts on related altcoins. Major influencers and executives remain publicly silent regarding the listing.

Market Data and Future Insights

Did you know? Prior meme coin listings on Coinbase, like DOGE and SHIB, triggered short-lived but significant price spikes, illustrating retail trading’s influence on meme coin dynamics.

Useless Coin (USELESS) reflects significant activity in recent days. Valued at $0.27, it reports a market cap of $269,462,435 and a 24-hour trading volume of $79,116,746, according to CoinMarketCap. USELESS has seen notable fluctuations, including a 32.71% rise over seven days and a substantial jump of 211.34% over 90 days, indicating volatile investor sentiment.

Coincu’s research team suggests the USELESS listing may enhance DeFi involvement within the Solana ecosystem. Historically, such listings can boost spot liquidity and turn meme coins into viable collateral. Regulatory scrutiny remains absent, allowing potential technological and investment growth within the meme coin sphere.