Although memecoins are not as popular in the market as they were in previous months, new memecoins continue to emerge. And some of these memecoins are experiencing huge increases.
The latest example of this is the memecoin Useless Coin (USELESS), launched by LetsBONK fun, a new platform for creating BONK-based tokens.
According to the data, the memecoin named USELESS reached a market value of $ 100 million.
Solana-based USELESS rose to $0.1 in recent days, according to gmgn data. USELESS, which later fell, is at $0.081.
With this rise, USELESS left behind top memecoins such as Dogecoin (DOGE), SHIB, PEPE, FARTCOIN and WIF.
While USELESS is gaining all the attention with its rise, Bonk community figure Unipcs purchased 28.1 million tokens worth $381,900.
With this acquisition, Unipcs retains 2.8% of the supply and realizes $2 million in unrealized profit.
According to Lookonchain’s post, Unipcs purchased USELESS for $381.9k and has now raised $2.4m, making over $2m in unrealized profit.
Despite USELESS’s profit, Unipcs’s wallet is still in the red. The whale traded 48 altcoins, but 44 of them are at a loss. According to the data, only USELESS brought him significant profits.
*This is not investment advice.
Continue Reading: Solana-Based Altcoin Experiences Surprise Rise, Breaks Record! – Famous Whale, Who Lost in 44 of 48 Altcoin Transactions, Made Huge Profit!
