Bonk Guy Highlights USELESS Volume Surge Ahead of Market Rally
Bonk (BONK)
Editor:
Eugene Serbin
lookonchain.com reports that trader Bonk Guy (Unipcs) is comparing Solana meme token USELESS to PEPE from the previous cycle, suggesting it could stage a super rally to reach a multi-billion dollar market cap. The token recorded $167 million in 24-hour spot trading volume, with perpetual contract volume surging to $1.87 billion. Open interest in perpetual contracts on Binance alone stands at $32 million, a scale that outpaces many blue-chip meme coins with far higher market caps.
Spot volume, perpetual volume, open interest, and holder count have all hit all-time highs, with around 9,000 new holders added in the past week. Bonk Guy notes that these metrics are typical of a bull market peak and emerged before the broader market has fully embraced risk-on sentiment. He believes USELESS will follow a similar path to PEPE, which saw a sharp surge in volume and leverage long before the broader meme coin market exploded.
Bonk Guy stated, "I truly believe USELESS will follow a similar path: if it already posts bull-market-level data before the bull run accelerates, imagine what will happen when the overall market picks up." Per GMGN data, USELESS rose another 57% in the past 24 hours, pushing its market cap to $227 million. Bonk Guy himself holds 15.9 million USELESS tokens. BlockBeits reminds users that meme coins generally have no real use cases, are highly volatile, and require caution when investing.
How the market reacted
Whalio's own Binance spot order flow for BONK, measured when this story was written up on 4 September 2026. Not the outlet's figures.
BONK is trading at $0.000003120 with a 24-hour buy ratio of 49.4%, indicating a near-even split between buyers and sellers. The 1-hour buy ratio is 48.2% and the 4-hour ratio is 48.9%, showing that short-term buying pressure is slightly weaker than the 24-hour average. Volume Delta is negative across all timeframes, with -$3,826 in the last hour, -$33,093 over four hours, and -$38,950 over 24 hours. This negative delta means that sell volume has exceeded buy volume in each period, suggesting that selling pressure is currently outweighing buying interest. The Cumulative Volume Delta closed at -$154,134 for the 24-hour period, reinforcing the net outflow of capital. Spot volume for the day was $3,345,629 across 18,284 trades.
The latest daily buy ratio of 48.3% sits at the 27th percentile of the last 281 days, against a median of 49.6% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for BONK, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 49.7%, which is 0.3 percentage points higher than the latest day's reading. Volume was 1.19x the average, indicating that trading activity was elevated compared to recent norms. The coin experienced a price change of -1.3% over the eight-day period, with a total Volume Delta of +$56,966 for the week. While the current 24-hour volume is higher than average, the negative delta contrasts with the positive weekly delta, suggesting a recent shift toward net selling. This represents an unusual day where volume is high but immediate pressure is net negative, contrasting with the net positive flow recorded over the prior week.