Market reacts amid increased trading activity for meme and DeFi tokens.
OKX began trading perpetual contracts for USELESSUSDT and NEWTUSDT on July 25, 2025, via its web, App, and API at 6:00 PM and 6:15 PM (UTC+8).
This launch underscores meme coin and DeFi’s growing visibility in mainstream crypto markets, showcasing novel financial instruments’ appeal despite lacking immediate institutional or regulatory responses.
These contracts create new trading dynamics as meme and DeFi tokens gain liquidity and accessibility. The introduction of these contracts underscores the exchange’s broader market strategy, particularly in leveraging meme and DeFi trends. The launch may increase trading volumes initially but sustained growth will likely depend on long-term trading interest and asset fundamentals.
Community and industry reactions have been mixed, with enthusiasts highlighting potential gains from increased market engagement. Key leaders within the cryptocurrency industry have not issued formal statements, maintaining discretion amid the uncertain regulatory and financial landscape. Investors remain cautiously optimistic about potential benefits.
“The launch of these contracts highlights our commitment to supporting emerging tokens that resonate with the community.” — Jason Lau, CTO, OKX
Did you know? Similar perpetual contracts often generate short-term trading spikes but sustainable growth necessitates strong project fundamentals. Previous token launch strategies frequently influence these outcomes.
CoinMarketCap data highlights Useless Coin’s (USELESS) current price at $0.36, with a market cap of $358.97 million. The 24-hour trading volume reported a decrease of 38.81%, standing at $30.85 million. Notably, the token experienced a 314.42% price surge over the past 60 days. These figures underscore volatile market conditions and reflect heightened speculative activity.
Coincu research team suggests that the perpetual contract offerings by OKX could alter market perception of meme and DeFi tokens. Success hinges on continuous trading engagement and broader adoption. Regulatory scrutiny and competitive exchange strategies are likely influencers moving forward.
