Crypto’s latest Memecoin -cult embraces the “useless” tale given to Joke -Tokens, making it a theater piece that reached a $ 100 million valuation in recent days.
The appropriately named useless coin has embraced that tale and made it a rally shout. The official site is mocking the space it inhabits and people do exactly it.
“Unquisite coin is the biggest Memecoin narrative coming out of the trenches this year,” said Unipcs, one of its biggest backers, in a telegram -chat with Coindesk. “Each Memecoin is technically useless … Yet we are here, with an indeed called useless, leading the package.”
As far as skeptics and critics are concerned, all crypto is useless. Unusual coin is tapping into this irony to place itself as the ultimate Memecoin: the one truly useless coin derived exclusively from what its cult followers give it.
Unlike Dogecoin, Shiba Inu, Pepe (Pepe) or MOG (MOG), have useless no animal or well-known mascot and just has a community-building Golden Coin logo with a chisel “U.”
Nowhere is it apparently mocking classes than in the wallet of UNIPCS, best known for transforming $ 16,000 into more than $ 20 million by betting on bonk-tracked futures. He Aped in The token in its early trading days, $ 382,000 fell on 28 million tokens or approx. 2.8% of the supply. This bet has ballooned to over $ 2.3 million (on top) and he has not sold a cent.
For norms, useless looks like another reason to hate crypto. But for Memecoin Maxis, it’s the most honest thing onchain.
“Each Memecoin is technically useless, but still many people at several billion dollars sit: Cogecoin for $ 26 billion, Shiba Inu for $ 7 billion, Pepe for $ 4.4 billion, and so on,” Unipcs said. “It makes useless coin incredibly underestimated on its current market hood – because all it takes is to anchor it to the valuation of these other ‘useless’ Memecoins.”
In a flat market where most tokens promise the moon and deliver a tweet, has uselessly found its niche: no promises, no prerequisites – just a meme worth millions.
“The higher it climbs, the more absurd it becomes, the more attention it draws, and the stronger the flywheel effect pushing it even higher,” Unipcs added.
And right now this absurdity is almost $ 90 million.
