Political Memecoin WLFI Pivots to Trading as USELESS Token Reaches $90M Valuation Amidst SOL and ADA Market Moves

According to @EricCryptoman, the crypto market is seeing significant narrative shifts in memecoins, with the Trump-affiliated World Liberty Foundation announcing plans to make its previously non-transferable WLFI token tradable. The source states the team confirmed via X they are "working behind the scenes to make it happen," a major pivot that would enable speculation on secondary markets. Concurrently, a new token named USELESS has surged to a nearly $90 million valuation by embracing its "useless" narrative. An influential backer, Unipcs, argues that since major memecoins like Dogecoin and PEPE are also technically useless but have multi-billion dollar valuations, USELESS is fundamentally undervalued. These developments unfold as major cryptocurrencies like Solana (SOL) show strength, with SOLUSDT trading up 2.899% around $151.19, while Cardano (ADA) remains stable, with ADAUSDT trading around $0.5613.
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The cryptocurrency market continues to be a theater of diverse and often conflicting narratives, perfectly encapsulated by the recent developments surrounding two very different tokens: USELESS and WLFI. While one embraces pure, unadulterated irony to achieve a staggering valuation, the other, tied to a major political brand, is pivoting from a loyalty token to a tradable asset. This duality highlights the speculative fervor that defines the current cycle, with underlying major assets like Solana (SOL) and Cardano (ADA) setting the stage for these high-risk plays.
The Duality of Memecoins: From Pure Irony to Political Pivots
In a market saturated with projects promising revolutionary utility, the USELESS token has carved out a unique and powerful niche by promising absolutely nothing. It leans into the critique that all memecoins are inherently useless, turning this perception into its core identity. This self-aware mockery has resonated deeply within the degen community, propelling the token to a valuation that flirted with $100 million in recent days. The project’s official website doubles down on this irony, creating a cult-like following that thrives on the absurdity. As one of its most prominent backers, Unipcs, stated, “Every memecoin is technically useless... yet here we are, with one actually called USELESS leading the pack.”
USELESS: Embracing the Void to a $100 Million Valuation
The story of USELESS is amplified by the success of its early investors. Unipcs, known for turning a small sum into a multi-million dollar fortune on BONK futures, invested $382,000 into USELESS, acquiring 2.8% of the total supply. At its peak, this position was worth over $2.3 million, and he has yet to sell. The investment thesis, as he explained, is a simple relative valuation play. “Every memecoin is technically useless, yet many sit at multi-billion-dollar valuations: dogecoin at $26 billion, shiba inu at $7 billion, PEPE at $4.4 billion,” Unipcs noted. This logic suggests that a token explicitly named USELESS is, by comparison, incredibly undervalued. This creates a powerful flywheel effect: the more the price climbs, the more absurd and attention-grabbing it becomes, drawing in new capital and pushing it even higher.
WLFI's Strategic Reversal: A New Tradable Political Token?
In stark contrast to the grassroots irony of USELESS, the World Liberty Foundation, a project affiliated with the Trump brand, is undergoing a significant strategic shift. Its WLFI token was initially distributed to supporters as a non-transferable asset, effectively a digital collectible with no secondary market. However, in a recent announcement on its official X account, the project declared a U-turn. “You asked to make $WLFI transferable — we heard you,” the post stated late Wednesday. “The team is working behind the scenes to make it happen.” This move fundamentally changes the nature of WLFI, transforming it from a static supporter badge into a speculative financial instrument. While no specific timeline has been provided, the pivot opens the door for price discovery, speculation, and trading on decentralized exchanges, marking a fascinating intersection of political memorabilia and cryptocurrency trading.
Market Undercurrents: SOL's Momentum Fuels Speculation as ADA Consolidates
These memecoin phenomena do not exist in a vacuum. They are often fueled by the performance and liquidity of the underlying blockchain ecosystems. Solana (SOL), a hub for recent memecoin activity, has demonstrated significant strength. The SOLUSDT pair has rallied over 3%, pushing from a 24-hour low of $146.84 to a high of $152.69. Currently trading around $151.90, SOL shows robust upward momentum, breaking past the psychological $150 barrier. Its performance against Bitcoin is equally impressive, with the SOLBTC pair climbing nearly 3% to 0.00141230 BTC, indicating genuine outperformance. This strong price action on a major Layer 1 creates a risk-on environment, providing the liquidity and confidence for traders to speculate on high-beta assets like USELESS. In contrast, Cardano (ADA) presents a picture of consolidation. The ADAUSDT pair is trading in a tight range, seeing a modest 0.35% gain to around $0.5613. It has struggled to break resistance near $0.5685, with its 24-hour chart showing more sideways movement than a clear trend. Its weakness is more apparent in the ADABTC pair, which has fallen by over 0.5%, suggesting capital is rotating out of ADA and into stronger performers like SOL and BTC. This divergence is critical for traders; while Solana’s ecosystem is ripe for high-volatility memecoin plays, Cardano’s current stability offers fewer opportunities for such explosive, speculative bets.
Eric Cryptoman
@EricCryptomanVeteran crypto trader since 2016 with proven 100x calls, #6 ranked ByBit Futures WSOT competitor, and three-time bear market survivor.