SourFable

$USEFUL heading towards 10M —-> 100M $USEFUL is now the 3rd or 4th largest coin on @LaunchOnSF, this move came after Bonk Guy recently acknowledged the existence of Stonk Pad. Can $USEFUL soon be the #1 ranked coin? 150M+ It has added nearly 4000+ new holders to $USELESS coin- airdropped $50,000+ of $USELESS to $USEFUL holders. The story writes itself.

I think people are severely underthinking the $USEFUL trade. At $3M, this might be one of the cleaner asymmetric bets on the continued success of $USELESS. The thesis is actually pretty simple. $USELESS has already established itself as one of the strongest memes/alts of this cycle. If you believe $USELESS eventually trades into the billions, the question becomes: What assets benefit disproportionately from that outcome? That’s where $USEFUL gets interesting. $USEFUL is paired with $USELESS on StonkPad, and its reward mechanism takes trading activity and converts it into $USELESS that gets distributed back to $USEFUL holders. So instead of being another random derivative trying to steal attention from the original coin, its existence is economically aligned with it. USEFUL activity → USELESS gets bought → USEFUL holders accumulate USELESS. That creates a pretty interesting flywheel. Agree? @theunipcs As $USELESS gets bigger, more attention flows toward its ecosystem. More attention on $USEFUL creates more volume. More $USEFUL volume creates more $USELESS buying/rewards. Those rewards give people another reason to hold $USEFUL. And because the reward itself is $USELESS, the upside of the underlying asset becomes part of the attraction of holding the much smaller asset. That's the part I think is being mispriced. $USELESS is already hundreds of millions. $USEFUL is ~3M. At that size: $10M = 4x
$25M = 10x
$50M = 20x
$100M = 40x Meanwhile, $100M would still only represent a fraction of a hypothetical multi-billion-dollar $USELESS coin. You don't need $USEFUL to become bigger than $USELESS. You don't even need it to come remotely close. You just need the market to decide that the most obvious satellite asset around one of the cycle's strongest coins deserves more than a $3M valuation. And narratively it almost writes itself: $USELESS became so successful that someone finally made it $USEFUL. The bigger $USELESS becomes, the funnier and more relevant that trade becomes. Even more interesting, a $USELESS whale has an unusual incentive here. Buying most derivative coins does nothing for your core bag. Participating in $USEFUL potentially creates activity that routes value back toward $USELESS while giving you exposure to a significantly smaller-cap asset. That turns the normal relationship between a parent meme and its derivative on its head. It doesn't necessarily have to be parasitic. It can be symbiotic. purely from a risk/reward and narrative standpoint: If $USELESS is the billion-dollar bet, $USEFUL may be the asymmetric bet on the billion-dollar bet.