Take a look at this chart. One token has surged nearly 15x over the past two weeks.
Its name is Useless Coin.
Honestly, that feels like the most fitting name imaginable for a crypto asset that’s been soaking up liquidity for two weeks straight.
In the crypto space, there are plenty of useful coins:
These are the kinds of assets that consistently see demand from clients on rabbit.io.
But on a broader scale? That demand isn’t really growing.
What is growing is interest in assets that proudly call themselves… useless. Hence the price action.
I honestly thought we were past the stage where the most absurd, pointless tokens got all the attention.
But clearly, that part of the cycle isn’t over.
There are still people lining up to throw their money into this.