According to @KookCapitalLLC, the memecoin USELESS has surged to a valuation near $100 million by embracing its 'useless' identity, a narrative that positions it as the ultimate memecoin. One of its largest backers, Unipcs, stated in a Telegram chat that since all memecoins are technically useless, USELESS is incredibly undervalued compared to giants like Dogecoin or Shiba Inu. In a contrasting development, the social media platform X has suspended the official account of the popular Solana memecoin launchpad, Pump.fun, along with its co-founder and other related accounts, without providing a reason. This action has fueled speculation about a broader crackdown on memecoin platforms. Despite the suspension, Pump.fun's website remains operational, continuing to launch Solana-based tokens. This uncertainty in the memecoin ecosystem occurs as Solana (SOL) trades around $151, showing a positive 24-hour performance against the US dollar.

According to @MilkRoadDaily, with Bitcoin (BTC) price volatility hitting a nearly two-year low, market makers are suggesting that this period of calm is unlikely to last. The analysis highlights that Deribit's DVOL index, measuring 30-day implied BTC price turbulence, fell below an annualized 40%. Jimmy Yang of Orbit Markets advises that going long on volatility through instruments like volatility swaps is a strategic way to position for a return of significant price movement, regardless of direction. In parallel, social media platform X has suspended the official account for memecoin launchpad Pump.fun and other related accounts, fueling speculation of a broader crackdown on memecoin-related activities. Meanwhile, trading volumes on memecoin launchpads have reportedly slumped, with Pump.fun's monthly volume dropping from $11.6 billion in January to $3.5 billion, according to DeFiLlama data.

According to @boldleonidas, the social media platform X has suspended the official account for the Solana-based memecoin launchpad Pump.fun, its co-founder, and several other memecoin-related accounts, triggering speculation about a potential regulatory crackdown or stricter policy enforcement. While the Pump.fun website remains operational and continues to launch Solana (SOL) memecoins, this action highlights significant platform risk for traders in the memecoin sector. The author notes a broader trend of crypto companies like Coinbase and Ripple aligning with political and regulatory systems, which could lead to increased scrutiny on more speculative assets. Traders should be aware of the heightened uncertainty and potential for sudden de-platforming affecting memecoin projects, particularly within the Solana ecosystem.