$USELESS has unexpectedly emerged as a leader in trading on Korean cryptocurrency exchanges, increasing trading volumes and demonstrating a sharp price rise, capturing investor interest.
Surge in Popularity of $USELESS
$USELESS, initially launched as a joke token, gained traction on platforms like Upbit and Bithumb. Over the past week, trading volumes surged significantly, and the coin's price rose by over 500%.
Reasons Behind the Rise in Interest
Among the factors that sparked interest in $USELESS, analysts highlight viral marketing, TikTok content, and speculative behavior among younger traders. Meme coins and low-market-cap tokens have traditionally attracted attention in Korea, especially when influencers and online communities rally around them.
Investment Risks in Meme Coins
Despite the short-term gains for early investors, experts caution retail traders. $USELESS is not tied to any blockchain projects or innovations, making it highly volatile. The Financial Supervisory Service of South Korea has already issued warnings about investing in speculative assets without clear fundamentals.
While $USELESS may provide joy for those who timed their trades right, the risks associated with trading it remain considerable, especially in the active Korean cryptocurrency market.
