Useless Coin is up 15x. Makes perfect sense.

Useless Coin is up 15x. Makes perfect sense.

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:

  • Bitcoin - backed by massive computational power, making it immune to censorship or centralized control
  • Monero - maybe not the best, but by far the most well-known and accessible tool for private storage and anonymous payments
  • Ethereum and Solana - essential if you want to interact with the smart contracts that power DeFi, NFTs, and more
  • Stablecoins - not perfect, but they let you stay close to fiat value while skipping over the banking system that’s gotten a little too comfortable abusing its position

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.