Despite significant FUD and a 76% drawdown from its ATH, USELESS is highlighted as a leading memecoin. It maintains strong on-chain volume (second only to TRUMP), smart money accumulation, and relative strength compared to other major memecoins like FARTCOIN, SPX, WIF, and PEPE, which have seen 80-90%+ drops. The post suggests that current FUD presents an accumulation opportunity, similar to a previous pullback that led to a 100x rally.