Investors Laugh All the Way to the Bank with Solana’s ‘Useless’ Memecoin! 😂💰

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Key Takeaways

Some investors have taken Solana’s founder’s “useless community” remark and turned it into a golden opportunity, placing speculative bets on a Solana-based memecoin hilariously named USELESS. Because who doesn’t want to invest in something that sounds like a bad joke? 🤡

So, Anatoly Yakovenko, the co-founder of Solana [SOL], has found himself in a bit of a pickle—like a cucumber in a jar of brine—over the past week. In a recent post, he decided to drop a truth bomb, saying, “Communities are useless.” Wow, thanks for the pep talk, Anatoly! 🙄

Backlash mounts

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Chart analysis indicates that USELESS may be on the verge of a new all-time high. It’s like watching a bad movie that somehow gets a sequel! The memecoin is currently trading at a key demand zone that has triggered rallies on four previous occasions. Each time prices touched this level, they rebounded sharply and reached a new peak. If this pattern holds, USELESS could surpass its previous all-time high of $0.441, set on July 28. Who knew “useless” could be so useful? 🤷‍♂️

Recent price action from this zone has been slightly bullish, signaling growing momentum. Or maybe it’s just the caffeine kicking in! ☕️

Memecoins still thrive on Solana

Despite Anatoly’s dismissive stance, memecoins are still the life of the party on the Solana blockchain. 🎉

An analysis of the memecoin segment shows that six of the top 10 assets in this category—including Pudgy Penguins [PENGU], Bonk [BONK], and Official Trump [TRUMP]—are Solana-based. Because who doesn’t want to invest in a penguin that’s pudgy? 🐧

According to data from Artemis, the memecoin sector is growing at a monthly rate of 14.1%, with a current valuation of $65.66 billion. If this trend continues, USELESS could see further upside, especially if it follows its historical fractal pattern. So, buckle up, folks! It’s going to be a bumpy ride! 🎢

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2025-08-04 15:06