In 2013, when the crypto ecosystem was still in its early days, software engineers Billy Markus and Jackson Palmer created a satire coin that mocked the emerging ecosystem. Designed purely as a joke, the token had no utility and an infinite supply. Twelve years later, everyone familiar with web3 knows its name: Dogecoin. It’s the eighth-biggest cryptocurrency, with a market cap of over $28 billion.
Like Dogecoin, USELESS is also the product of a satirical project. True to its name, the coin offers nothing to its users: no staking, no governance and no yield. But despite (or because of) this, it has quickly built a loyal community and reached over $360 million market cap in a matter of months. In this article, we break down what Useless Coin is, why it’s exploded in popularity and how users can trade USELESS on Bybit.
Key Takeaways:
USELESS is a Solana meme coin that intentionally offers no utility.
Launched via the LetsBonk.fun platform, Useless Coin has tapped into the Bonk ecosystem to reach a $360 million market cap within months.
Bybit now offers the USELESSUSDT Perpetual contract, allowing users to trade the token with up to 12.5x leverage.
What is Useless Coin?
Useless Coin (USELESS) is a satirical meme coin that was founded on the Solana network. It was launched in May 2025 via the LetsBonk.fun launchpad. Built around a tongue-in-cheek identity and self-deprecating humor, its catchphrase (“Utility is Useless”) captures the project’s central identity. Its official website calls the token "the world’s first cryptocurrency that promises nothing and delivers exactly that.”
Source: Useless Coin
Community appeal of USELESS
In an ecosystem where multiple projects have over-promised and under-delivered, Useless Coin’s honest approach has struck a chord with the meme coin community. Its humor-driven marketing — along with ironic slogans and jabs at established companies — has gained strong traction. The project’s satirical tone has created a loyal community that appreciates its irreverence and humor.
LetsBonk launchpad and Bonk ecosystem
Useless Coin was launched via LetsBonk.fun, a new Solana-based token launchpad that debuted in April 2025. The project was founded by Tom (@SolportTom), a pseudonymous figure with over 171,000 followers on X. LetsBonk was built using Raydium’s LaunchLab tools, and is closely tied to the Bonk community. The platform allows anyone to create meme coins with minimal setup, as users simply upload a name, image, symbol and total supply.
Since its April launch, the platform has completely disrupted Solana’s meme coin launchpad scene, and has even managed to overtake Pump.Fun in early July 2025. In launching via LetsBonk, Useless Coin has instantly gained the Bonk community as its organic support base.
Market performance of USELESS
During the first month following its launch, USELESS largely traded at $0.006–$0.01. However, on Jun 9, 2025, increasing demand triggered a sharp breakout, and by mid-July, its price had increased over 50x from its June lows, reaching $0.36 and attaining a market cap of over $360 million.
How to trade USELESS on Bybit
On Jul 10, 2025, Bybit listed the USELESSUSDT Perpetual contract in its Innovation Zone. Traders can go long or short USELESS, with up to 12.5x leverage. As a new meme coin, the token can be quite volatile, and traders are advised to do their own research to understand the risks involved before trading.
