The author suggests that significant pullbacks (87-95%) in memecoins like $USELESS are common before multi-billion dollar valuations, citing $DOGE, $SHIB, $PEPE, $BONK, and $FLOKI as examples. This implies a potential contrarian opportunity in $USELESS after its 87% dip, similar to the author's past successful trades on "dead" coins like $BONK and $FARTCOIN. Investors should consider the high volatility and risk associated with memecoins.