Solana-based meme coin USELESS rose 67% over the past 24 hours, lifting its market capitalization to $213 million and its 24-hour trading volume to $38 million. According to ChainCatcher, the token had already gained more than 50% on September 1 after Bonk Guy said he was more bullish on USELESS than he was on BONK in 2023.

Bonk Guy said USELESS previously climbed from about $4 million in market value to $450 million in a non-bull market environment, and suggested it could see a larger move if it experiences its first real bull market. The article also noted that meme coins generally have limited practical use and can be highly volatile.