On July 25, 2025, OKX announced the launch of perpetual contracts for USELESSUSDT and NEWTUSDT. This move has led to increased activity in the cryptocurrency market, particularly among meme and DeFi tokens.
Launch of USELESSUSDT and NEWTUSDT Contracts
The contracts began trading on July 25, 2025, at 6:00 PM and 6:15 PM (UTC+8) across web, app, and API platforms. This significant event underscores the growing popularity of meme tokens and DeFi in the cryptocurrency market.
Market Reactions and Expert Opinions
Market responses vary; some experts highlight potential gains from increased engagement. Major leaders in the cryptocurrency industry have not issued formal statements regarding the new contracts amid uncertain regulatory and financial conditions. "The launch of these contracts highlights our commitment to supporting emerging tokens that resonate with the community," says Jason Lau, CTO of OKX.
Market Volatility Analysis
According to CoinMarketCap data, the current price of Useless Coin (USELESS) is $0.36, with a market cap of $358.97 million. The 24-hour trading volume reported a 38.81% decrease, standing at $30.85 million. Despite this, the token experienced a 314.42% price surge over the past 60 days, indicating high market volatility and increased speculative activity.
The launch of USELESSUSDT and NEWTUSDT on OKX opens new trading opportunities in the meme and DeFi segments. However, the success of the new offerings will depend on sustained trader interest and further development of the projects.
