According to @NFT5lut, the USELESS memecoin has surged to a $100 million valuation by ironically embracing its own lack of utility. The official website and community rally behind the idea that the coin is intentionally 'useless,' positioning it as a pure play on meme culture. One of its most prominent backers, Unipcs, described USELESS as the 'greatest memecoin narrative to emerge' this year in a Telegram chat, arguing that since all memecoins are technically useless, USELESS is the most honest representation. Unipcs invested $382,000, which grew to over $2.3 million at its peak, and has not sold any tokens. He believes the coin is incredibly undervalued compared to giants like Dogecoin (DOGE) and Shiba Inu (SHIB), suggesting its value comes from the flywheel effect where rising prices attract more attention, further fueling its growth.

According to Lookonchain, Unipcs (@theunipcs) invested $381.9K to accumulate 28.08 million $USELESS tokens (currently valued at $2.4M) and has not sold any tokens, resulting in an unrealized profit exceeding $2M. Despite this significant gain, Unipcs's overall wallet remains negative as 44 out of his 48 token investments are at a loss. This case highlights the volatility and risk concentration in altcoin portfolios, with only $USELESS delivering substantial returns. Crypto traders should note the importance of diversification and risk management when holding multiple tokens, especially in trending meme coins. (Source: Lookonchain on Twitter, June 16, 2025)

According to Lookonchain, Unipcs (@theunipcs) invested $381.9K to acquire 28.08 million USELESS (USELESS) tokens, now valued at $2.4 million, resulting in an unrealized profit of over $2 million. Despite this significant gain, Unipcs's overall wallet remains in deficit, as he holds positions in 48 different tokens and 44 of these are currently at a loss. Only USELESS has delivered considerable profits, highlighting the volatility and risk diversification challenges in altcoin trading. This situation underscores the importance of portfolio risk management for crypto traders and the outsized impact that a single successful altcoin pick can have on overall portfolio performance. (Source: Lookonchain, June 16, 2025)