Let’s talk about USELESS. Yes, you read that right. The token with a name that is arguably too honest for its own good has sparked South Korea’s latest crypto craze. From last year’s XRP rally to today’s USELESS phenomenon, South Korea continues to flex its influence on the altcoin market. But don’t take it too seriously, well, except for the profits.
Bradley Park, a Seoul-based analyst from DNTV Research, mentioned in an interview that the $USELESS craze has ties to popular Korean Key Opinion Leaders (KOLs). At the heart of the action is Yeomyung, a Korean KOL and liquidity provider who got into USELESS early, survived a 50% drawdown, and is now sitting pretty on some serious paper gains. Nice job, Yeomyung. You’re making it look effortless.
I now hold 2.8% of #useless , officially surpassing @theunipcs as the #1 holder.
— Yeomyung (@duaud9912) June 5, 2025
And still — I’m not selling.
The age of BONK and USELESS is coming.$pump has always been useless. https://t.co/i8N7uLU55H pic.twitter.com/c57M4QqWbo
The Tale of Yeomyung and the Rising USELESS
Yeomyung’s been around the crypto block, having made a nice profit during the Trump coin run. And now, with USELESS, he’s reaping rewards from his early liquidity provision, holding onto those gains as the market waits for a central exchange listing. It’s like waiting for a bus that might never show up.
Park tracked Yeomyung’s wallet activity and saw a surprising trend; his conviction has inspired copy-trading among Korean retail investors. Even wallets tied to insiders on Solana’s Jupiter are holding onto USELESS. It seems like the days of Korean investors just being "exit liquidity" are over.
“I think Korean users are no longer just the exit liquidity,” Park said. "They’re finally understanding the market and are evolving into real global players.”
How’s that for progress?
Bonk Guy's Unexpected Return
Oh, and let’s not forget Bonk Guy. This dude was all over the place promoting the BONK token, but when it collapsed, he went radio silent. Now that USELESS is bouncing back, guess who’s back on Twitter shilling it? Yup, Bonk Guy. Park wasn’t too impressed, though, pointing out his conveniently timed return:
“Bonk Guy was the first to shill LetsBONK, but after the price collapsed, he went silent. Now that USELESS is bouncing back, he’s suddenly showing interest again.”
Funny how that works, right?
Memecoins: Chaos or the Future?
But let’s get down to the real question: is USELESS just a chaotic joke, or is it something more? In my opinion, it’s a bit of both. There’s no roadmap, no utility, and absolutely no pretense of building anything bigger. And that’s kind of the point. USELESS taps into a collective memetic disillusionment, a shrug at traditional crypto promises, and somehow, that feels more genuine than some of these tokens that swear they’re changing the world.
Park even suggests that the rise of Solana-based memecoins like USELESS and Hyperliquid is proof that Korea is no longer just a secondary market. “Korea is not just a secondary market anymore,” Park said, and I think that’s pretty true. South Korea is shaping up to be a real player in the global crypto landscape.
A New Era of Crypto in South Korea
With USELESS and other Solana-based memecoins on the rise, it’s clear that South Korea’s crypto market is evolving. It’s not just about chasing quick profits anymore; the players are maturing and becoming more strategic. And let’s not forget, this is the market where big profits can be made, just ask Yeomyung.
The market may still be chaotic, but in a strange way, it’s starting to feel like there’s a method to the madness. And while USELESS might be the latest meme token everyone’s talking about, it’s just one part of a larger shift happening in the global crypto scene. Don’t blink, things are changing fast, and South Korea is leading the charge.
Emily Johnson
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