PEPE is a deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s. The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin, and strives to establish itself as one of the top meme-based cryptocurrencies. PEPE appeals to the cryptocurrency community by instituting a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain scarcity of the PEPE coin.
Trader Bonk Guy (Unipcs) posted that he has long considered USELESS to be this cycle's equivalent to DOGE, SHIB, or PEPE, yet many continue to disregard it. He noted that South Korea's two major centralized exchanges, Upbit and Bithumb, listed USELESS just hours apart today, granting it a major new distribution channel from one of the world's key crypto markets. Bonk Guy further emphasized that attention should remain on whether USELESS will be listed on Hyperliquid, Robinhood, or Binance Spot next. He argued that instead of debating whether USELESS will emerge as this cycle's flagship memecoin, focus should shift to how high its price can potentially reach, as the underlying pattern is becoming increasingly clear. He also noted that investors can either accumulate USELESS now or wait until its market cap reaches several billion dollars, perceiving that stage as "safer".
Trader Bonk Guy (Unipcs) posted that for months he has been trying to tell everyone that everything currently happening with USELESS looks "strikingly similar" to PEPE prior to its parabolic rally in 2023, including volume structure, open interest expansion, early relative strength, market timing, and early independent market outperformance. He noted that after reviewing the charts, USELESS's price action is essentially a near-perfect replica of how PEPE looked right before it ignited its parabolic move in 2023.
Renowned trader Bonk Guy stated that he has been tracking and trading Meme coins for three consecutive cycles, and has previously publicly predicted the market trends of multiple Meme coins with multi-billion dollar market caps. He believes USELESS could become an opportunity similar to DOGE or PEPE in this market cycle.
According to monitoring data from on-chain analytics platform Santiment, PEPE's single-day exchange net outflow reached 4.54 trillion tokens, marking the largest single-day outflow record since November 14, 2024. A large volume of tokens is being transferred from trading platforms to private wallets, significantly contracting the circulating supply available for immediate selling. Meanwhile, Nansen data shows that PEPE's top 100 holding addresses cumulatively increased their holdings by 6.07% over the past 30 days, with total holdings rising to approximately 85.97 trillion tokens; Smart Money addresses holdings surged by 307% during the same period, making the trend of supply concentrating towards long-term holders increasingly evident.
According to Onchain Lens monitoring, in the past 24 hours, 11 wallets linked to the same whale purchased 1.299 trillion PEPE, valued at $3.58 million.
According to on-chain analytics platform Lookonchain (@lookonchain), over the past three hours, two wallets—suspected to belong to the same whale—opened 10x long positions on 1.31 billion kPEPE (approximately $4.62 million).
Trader Bonk Guy (Unipcs) posted that he has long considered USELESS to be this cycle's equivalent to DOGE, SHIB, or PEPE, yet many continue to disregard it. He noted that South Korea's two major centralized exchanges, Upbit and Bithumb, listed USELESS just hours apart today, granting it a major new distribution channel from one of the world's key crypto markets. Bonk Guy further emphasized that attention should remain on whether USELESS will be listed on Hyperliquid, Robinhood, or Binance Spot next. He argued that instead of debating whether USELESS will emerge as this cycle's flagship memecoin, focus should shift to how high its price can potentially reach, as the underlying pattern is becoming increasingly clear. He also noted that investors can either accumulate USELESS now or wait until its market cap reaches several billion dollars, perceiving that stage as "safer".
Odaily News: According to the official announcement, Binance Futures will update the collateral rates and tiered collateral rates for certain assets under Portfolio Margin mode at 14:00 (Beijing Time) on August 7, 2026, and simultaneously adjust the leverage and margin tiers for multiple USDT-margined perpetual contracts. This adjustment involves assets such as UNI, PEPE, ASTER, HFT, and KMNO, as well as contracts including 0GUSDT, BERAUSDT, WUSDT, SUPERUSDT, TURBOUSDT, and 1MBABYDOGEUSDT, and is expected to be completed within 30 minutes to one hour. Please note that existing positions will be affected, and users are advised to adjust their positions in advance.
According to the official announcement, HTX has launched the “Spring Travel Season” trading competition. From now until May 9 at 18:00 (UTC+8), users who register and participate in spot trading of BTC, ETH, SOL, XMR, or LTC—or USDT-denominated perpetual contracts of DOGE, PEPE, XAG, TRUMP, or XMR—and complete designated tasks will accumulate “Miles.” Prizes totaling $50,000 will be distributed among participants based on their Mile rankings. Additionally, users who fulfill both the spot holding requirements and complete daily contract trading check-ins for the entire duration will qualify for a lottery draw, sharing an extra $1,500 prize pool.
Bonk Guy posted on X platform stating that he recently re-examined the relative performance of USELESS against mainstream meme coins, and found that USELESS's price ratios against PEPE, DOGE, PENGU, WIF, FARTCOIN, BONK, SPX, and SOL are all at historic highs.Bonk Guy stated that nearly all observable indicators suggest USELESS could become the "meme coin of this cycle," with its market cap potentially reaching billions of dollars. Additionally, during this market correction, USELESS continued to attract a large number of new holders. He believes that before the fourth quarter arrives, as long as the price maintains its current range, any pullback in USELESS would be worth aggressively buying.
Trader Bonk Guy (Unipcs) posted that he has long considered USELESS to be this cycle's equivalent to DOGE, SHIB, or PEPE, yet many continue to disregard it. He noted that South Korea's two major centralized exchanges, Upbit and Bithumb, listed USELESS just hours apart today, granting it a major new distribution channel from one of the world's key crypto markets. Bonk Guy further emphasized that attention should remain on whether USELESS will be listed on Hyperliquid, Robinhood, or Binance Spot next. He argued that instead of debating whether USELESS will emerge as this cycle's flagship memecoin, focus should shift to how high its price can potentially reach, as the underlying pattern is becoming increasingly clear. He also noted that investors can either accumulate USELESS now or wait until its market cap reaches several billion dollars, perceiving that stage as "safer".
Trader Bonk Guy (Unipcs) posted that for months he has been trying to tell everyone that everything currently happening with USELESS looks "strikingly similar" to PEPE prior to its parabolic rally in 2023, including volume structure, open interest expansion, early relative strength, market timing, and early independent market outperformance. He noted that after reviewing the charts, USELESS's price action is essentially a near-perfect replica of how PEPE looked right before it ignited its parabolic move in 2023.
Renowned trader Bonk Guy stated that he has been tracking and trading Meme coins for three consecutive cycles, and has previously publicly predicted the market trends of multiple Meme coins with multi-billion dollar market caps. He believes USELESS could become an opportunity similar to DOGE or PEPE in this market cycle.
According to monitoring data from on-chain analytics platform Santiment, PEPE's single-day exchange net outflow reached 4.54 trillion tokens, marking the largest single-day outflow record since November 14, 2024. A large volume of tokens is being transferred from trading platforms to private wallets, significantly contracting the circulating supply available for immediate selling. Meanwhile, Nansen data shows that PEPE's top 100 holding addresses cumulatively increased their holdings by 6.07% over the past 30 days, with total holdings rising to approximately 85.97 trillion tokens; Smart Money addresses holdings surged by 307% during the same period, making the trend of supply concentrating towards long-term holders increasingly evident.
Odaily News: According to the official announcement, Binance Futures will update the collateral rates and tiered collateral rates for certain assets under Portfolio Margin mode at 14:00 (Beijing Time) on August 7, 2026, and simultaneously adjust the leverage and margin tiers for multiple USDT-margined perpetual contracts. This adjustment involves assets such as UNI, PEPE, ASTER, HFT, and KMNO, as well as contracts including 0GUSDT, BERAUSDT, WUSDT, SUPERUSDT, TURBOUSDT, and 1MBABYDOGEUSDT, and is expected to be completed within 30 minutes to one hour. Please note that existing positions will be affected, and users are advised to adjust their positions in advance.