A Solana memecoin built as a parody project is stealing the spotlight this week after landing on Coinbase, the largest crypto exchange in the U.S.
Coinbase confirmed on X that trading for Useless Coin (USELESS) has officially gone live, just days after it was added to the exchange’s listing roadmap.
The token’s inclusion on the roadmap, a transparency measure introduced in 2022, hinted at support ahead and quickly triggered a wave of speculation.
The impact was immediate. USELESS jumped nearly 96% from its listing roadmap announcement lows, climbing from $0.188 to as high as $0.369 before cooling off.
By the time full trading began on Wednesday, the memecoin was still holding strong momentum, touching $0.299 before settling around $0.276 at press time.
Now boasting a market cap of more than $276 million, USELESS sits among the top 300 crypto assets. Despite the gains, its creators continue to lean into irony, openly branding it a token without purpose in the crowded world of Solana-based meme projects.
According to the latest data, over 32,000 wallets currently hold USELESS, a sign that the tongue-in-cheek project has managed to cultivate a surprisingly loyal community.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/coinbase-just-pumped-this-useless-solana-token-nearly-100/