Although the memecoin market isn't as vibrant as it once was, new entrants continue to emerge, occasionally experiencing significant surges in value. A recent example is Useless Coin (USELESS), launched by LetsBONK fun, a platform focused on creating tokens within the BONK ecosystem.

Data indicates that USELESS briefly achieved a market capitalization of $100 million.

According to gmgn data, the Solana-based USELESS coin recently peaked at $0.1 before settling at around $0.081.

This surge allowed USELESS to temporarily surpass established memecoins like Dogecoin (DOGE), SHIB, PEPE, and WIF in market value.

Amidst the attention garnered by USELESS's rise, Unipcs, a prominent figure within the Bonk community, acquired 28.1 million tokens for $381,900.

This acquisition represents approximately 2.8% of the total USELESS supply and has resulted in an unrealized profit of $2 million for Unipcs.

As reported by Lookonchain, Unipcs's initial investment of $381.9k in USELESS has grown to $2.4 million, yielding an unrealized profit exceeding $2 million.

However, despite the gains from USELESS, Unipcs's overall wallet performance remains negative. The whale has traded 48 different altcoins, with 44 of them currently showing losses. USELESS appears to be the sole investment providing substantial returns.

*This is not investment advice.