Solana memecoin USELESS logs major inflows as data show $1.3 BILLION in 24-hour perps volume and $117 MILLION spot volume
AI Market Summary
News highlights a sharp surge in activity around Solana meme token USELESS, with whale and retail inflows, record perpetuals volume (~$1.3B/24h), rising spot volume, higher open interest, and notable short liquidations. While the asset referenced is not in the provided list, the flow and on-chain/derivatives intensity are SOL ecosystem-positive and can tighten liquidity, lift risk appetite, and increase short-term volatility across Solana-linked venues.
Impact level
● Medium
Affected assets
SOL/USDT+3.87%
AI Insight · SOL/USDTAI Insight
▲ Bullish
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The Solana-based memecoin USELESS has seen a surge of inflows, with whales and retail traders driving what was described as the year’s largest high-volume breakout. Data show its perpetual futures posted more than $1.3 BILLION in 24-hour trading volume and spot volume exceeded $117 MILLION. On-chain volume has surpassed several memecoins with larger market capitalizations, while market attention climbed to its highest level of the year. More than $3.5 million in short positions were liquidated over the past 24 hours, with key metrics rising sharply.
