A Solana-based $USELESS memecoin is shooting up the charts. Korean crypto influencers are driving its meteoric rise, despite the fact that the coin has no real utility and no clear roadmap. The ascendance of $USELESS tracks a larger trend of South Korea consolidating increasing strength in international altcoin markets. This trend is a departure from previously being a secondary market to now becoming a major potential global crypto tastemaker. This memecoin’s rise symbolizes a larger trend of South Korea’s crypto space increasingly seeking out and investing in ironic, meme-oriented assets.
The memecoin is further spurred on by influencers such as “Bonk Guy,” who used to shill Solana’s BONK token. This connection has caused many to doubt the sincerity of “Bonk Guy”‘s newfound love for $USELESS. Regardless of these doubts, the memecoin has gathered significant momentum, continuing to cement South Korea’s influence in leading crypto trends.
Park, a veteran industry analyst, suspects that Korean traders are growing into sophisticated market makers. Even better, they’re dispelling the myth that they’re just “exit liquidity.” Notable Korean Key Opinion Leaders (KOLs), including Yeomyung, are leading the charge. Their role as the earliest liquidity providers for $USELESS has helped propel this new meme coin to rapid fame. Yeomyung’s wallet activity has led to massive copy-trading given how viral it’s gone among retail investors.
Insiders from exchange aggregators such as Solana’s Jupiter are allegedly already propping $USELESS. They are look forward to a possible CEX listing to help them exit from the project. The potential excitement of a future CEX listing just goes to show how speculative the memecoin values are. With it comes the potential for huge returns or devastating losses for investors.
The meteoric ascent of $USELESS isn’t an anomaly. Platforms such as Hyperliquid and Kaia have become popular in South Korea. This is indicative of a much larger trend of innovation and adoption occurring within their country’s crypto ecosystem. South Korea still has an enormous impact on altcoin markets, controlling the fate of up-and-coming digital assets.
The case of $USELESS is the most recent obsession to sweep through South Korea, highlighting the country’s changing influence in the market for crypto speculation. The latest memecoin has exploded, largely on the back of influencers and copy-trading. This increase is testament to the potential and peril of investing in meme-based assets.
