Journey from joke to million
The memecoin named Useless, which was launched by LetsBONK for entertainment purposes only, has today reached a market cap of 100 million. Initially no one was taking it seriously, but Unipcs, a prominent member of the Bonk community, invested millions in it after which Useless gained momentum.
Community is the identity
The same thing happened with the first memecoin DOGE. Although it was assumed that DOGE got recognition only because of Elon Musk, but after this came memecoins like SHIB, FLOKI, BONK, WIF, PEPE etc. which got established only on the basis of social media and community participation without any concrete utility.
My point
Developers know that there is such a boom in the Memecoin market that it is flying only on the basis of jokes and memes without any roadmap or promises. In such a situation, the enthusiasm of investors towards USELESS is not only a satire on the irrational behavior of the crypto market, but it also shows that now ‘fun’ has become the new investment model.
