Useless Coin Soars Amidst Short Squeeze and Meme Coin Frenzy

Useless Coin (USELESS) is making waves in the crypto community after posting back-to-back green candles on both the hourly and daily timeframes. The token has been compared to Dogecoin and Shiba Inu, with some traders calling it the 'next parabolic runner' of this cycle.

According to data, USELESS currently trades at $0.0880, up sharply from its current daily candle. It launched on Solana in May 2025 through the LetsBONK.fun platform and has already experienced a full boom-bust cycle, with an all-time high of $0.4375 and a low of $0.00004916.

The token's market cap sits at around $89 million, with no looming unlock schedule to worry about. Its recent gain in popularity can be attributed to its win in a Kraken-sponsored trading competition earlier this year and its partnership with Atlético de Madrid, which put its logo on the team's match jerseys against Barcelona.

The price surge has led to a short squeeze, with shorts getting caught offside as the price grinds higher. This has resulted in forced buying pressure that can fuel further price growth.