The memecoin USELESS (referenced via contract address and images) recently recorded the second-largest 1-hour short liquidation in crypto at $719.65K, trailing only ZEC.

Key metrics for USELESS show all-time highs including a market cap around $224.29M, 24-hour spot volume over $167M, and over 48,400 total holders, despite the price remaining nearly 50% below its previous all-time high.

The author bullishly compares this setup to PEPE's explosive market cycle expansion, suggesting USELESS has strong fundamental momentum heading into a broader market recovery.