Chase retweeted
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.
Chase retweeted
Let the light find what you’ve been holding.
$DEGS
Chase retweeted
A little belief goes a long way.
$DEGS
Chase retweeted
Degs has crossed over $50,000 in silver rewards distributed to $DEGS holders.
stonkfun.xyz/rewards
Powered by @solana @sunrise @Dominion_Market @LaunchOnSF
Degs on Silver. 🩶
Chase retweeted
The next step is already waiting.
$DEGS
Chase retweeted
Something good is already on its way.
$DEGS
Chase retweeted
DEGS pfps for the community 🩶
pick your favorite, make it yours and rep the silver.
$DEGS
Chase retweeted
some things only find you when you stand still
$DEGS
Chase retweeted
enough small hands can carry any light.
$DEGS
Chase retweeted
some arrivals are worth waiting for.
$DEGS
Chase retweeted
Some distances are only meant to change your perspective.
$DEGS
Chase retweeted
$DEGS stat 30m summary:
- $9,685 in Silver distributed to holders.
- 447 Holders.
- 332k volume.
Degs On Silver.
Chase retweeted
I heard bnb is the place to trade your favorite memestock. @cz_binance is that true?