Bonk Guy again calls for buying USELESS: The number of token holders and perpetual contract open interest has hit new highs, potentially setting the token up for a strong rally.

Prominent trader Bonk Guy stated in a post that meme coin USELESS, which has a market capitalization of roughly $270 million, has surpassed all other meme coins on Coinbase in trading volume, with the only exception being DOGE. For comparison, DOGE, SHIB, PEPE, and TRUMP have respective market caps of approximately $13 billion, $3.16 billion, $1.54 billion, and $556 million. USELESS’s trading volume on Coinbase has long been higher than that of meme coins including SHIB, PEPE, and TRUMP. Meanwhile, its number of token holding addresses and open interest in Hyperliquid perpetual contracts have both hit all-time highs; spot and perpetual contract trading volumes remain elevated, market attention on the coin is sustained, and it has been listed on leading crypto exchanges. He believes that USELESS is forming the liquidity and adoption traits required for a major meme coin expansion, and a strong rally to catch up with DOGE’s valuation is not out of the question, though this assessment is his personal view.