Solana memecoin USELESS experienced a sharp rally, gaining over 60% in 24 hours and briefly overtaking BONK in market capitalization, reaching around $230 million. This surge was driven by a spike in both spot trading ($167 million) and an unusually high $1.87 billion in perpetual futures volume, indicating heavy leveraged trading activity. A notable trader, Unipcs, known as "Bonk Guy," holds 15.9 million USELESS tokens, currently valued at about $4.06 million with over $3.2 million in unrealized profits. The rally highlights renewed speculative interest in Solana memecoins but also underscores the risks from high leverage, which can amplify both gains and losses rapidly.
