Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Event Contracts
New
Predict price moves and seize opportunities
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
Stock CFD Derivatives
US Stocks
0 Fee
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
JP Stocks
Top Japanese stocks, all in one place
Stock Futures
High leverage, 24/7 trading
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
#BonkGuyBullishOnUSELESS
$USELESS
Bonk Guy is bullish on $USELESS but the real question is whether that conviction can turn into sustained price and volume momentum. At the time of this post, USELESS is trading around $0.23, after a highly volatile week that shows exactly why this meme-coin thesis is attracting attention.
The recent price action has been anything but quiet. USELESS surged to a $0.335–$0.336 area on September 9, but then experienced a sharp reversal, closing around $0.225 after touching roughly $0.223. Historical data shows how quickly liquidity has been rotating: September 8 saw a high near $0.311 with strong volume, while September 9 pushed as high as $0.335 before sellers took control. By September 11, price had fallen toward the $0.20–$0.22 zone.
So why is Bonk Guy still interested?
His thesis is bigger than simply expecting another short-term pump. Bonk Guy has repeatedly argued that USELESS has developed the kind of mindshare, relative strength and meme-market identity that can turn a joke into a major narrative. In his latest bullish view, he highlighted USELESS trading at historically strong ratios versus major meme names including PEPE, DOGE, BONK, PENGU, WIF, FARTCOIN, SPX and SOL. His argument is essentially that the market is increasingly treating USELESS as a serious meme contender rather than just another short-lived launch.
There is also a deeper narrative behind the ticker itself. USELESS does not try to compete with utility tokens by promising another complicated product. The entire meme is built around the idea that crypto can be “USELESS,” which ironically gives the token an easily recognizable identity. That creates a powerful social loop: the more people debate whether the token is useful or useless, the more attention the narrative receives. Bonk Guy has previously described this type of self-reinforcing meme identity as one of the reasons he believes USELESS can stand apart from thousands of competing meme launches.
The numbers show that attention has already become substantial. CoinGecko's recent data put USELESS around a $225M market-cap area, with September 10 trading volume above $116M. Earlier in the same move, September 9 volume was around $178M, while September 8 exceeded $94M. That means the current story is not happening on thin liquidity alone—there has been substantial two-way trading activity as traders chase momentum and then reposition during pullbacks.
But this is exactly where the bullish thesis needs confirmation. A strong meme narrative can create attention, but price needs to prove that attention is converting into demand. At around $0.22, I would watch the $0.20–$0.21 area as the first important defense zone. Holding this region and producing a higher low would suggest that buyers are absorbing the recent selling. Losing it with expanding volume would weaken the short-term bullish structure.
On the upside, the first major test is $0.25–$0.26, followed by the recent $0.31–$0.335 resistance zone. A move above $0.26 with increasing volume would be an early sign that momentum is rebuilding. A clean breakout through $0.335 would be much more significant because it would show that buyers have recovered from the latest rejection and are willing to challenge the recent local high again.
There is another reason I would not judge this move only by price: holder and whale behavior matter heavily for meme coins. Bonk Guy has previously focused on holder growth during USELESS pullbacks, arguing that new holders entering during sell-offs can signal that sidelined buyers are absorbing supply. He has also highlighted whale accumulation and rising holdings as part of his broader USELESS thesis.
My current read is therefore balanced: Bonk Guy's conviction is a strong narrative catalyst, but it is not confirmation by itself. The market has already demonstrated that USELESS can attract hundreds of millions of dollars in trading activity and move more than 20% in a single session. What matters now is whether buyers can transform that volatility into a sustained higher-low structure.
At $0.22, the setup is interesting but still needs confirmation. $0.20–$0.21 = defense zone. $0.25–$0.26 = momentum recovery zone. $0.31–$0.335 = major breakout test. If price reclaims the upper zone with strong volume, Bonk Guy's bullish thesis gains considerably more technical support. If buyers fail to defend $0.20, the market may need another reset before the next serious attempt.
The bigger story is that USELESS has already moved beyond being just another meme ticker. It has developed a recognizable identity, significant market attention and enough liquidity to attract both retail traders and larger speculative positioning. But meme markets punish blind conviction just as quickly as they reward it.
Bonk Guy may be bullish on USELESS, but the chart still has to earn the bullish case. The next confirmation is not another post or another influencer mention it is sustained volume, a higher low, and ultimately a successful reclaim of the recent resistance levels. @Gate_Square