$USELESS has once again flipped $TRUMP to become the second most traded on-chain memecoin, only behind $FARTCOIN
the last time i remember seeing a memecoin consistently generate this much on-chain volume was with $PEPE, when it consolidated for months around $300m just before its parabolic rally to $5 billion+ market cap last year
i see the same thing playing out for USELESS right now: it continues to rank among the most traded on-chain memecoins despite the current market-wide bloodbath and has generally held a top 3 spot since it launched four months ago
when you consider the current market caps for the three memecoins:
- TRUMP: $1.7 billion
- FARTCOIN: $850 million
- USELESS: $220 million
it’s clear that USELESS is fundamentally undervalued based on the on-chain volume and interest it is seeing
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