Hyperliquid lists Useless Coin perps with up to 3x leverage

Hyperliquid, the Layer-1 blockchain and decentralized perpetual futures exchange, has listed perpetual futures contracts for Useless Coin ($USELESS) with a maximum leverage of 3x. The listing adds yet another meme token to a platform that already supports over 190 perp markets. What we know about the listing The new $USELESS perps went live on Hyperliquid with a 3x leverage cap, a notably conservative ceiling compared to what the platform offers for more established assets. For context, Hyperliquid allows up to 50x leverage on Bitcoin perpetuals, making the 3x limit a clear acknowledgment that trading a self-described useless token carries elevated risk. $USELESS itself is a Solana SPL token that launched on May 10, 2025, with a total supply of 1 billion tokens allocated entirely to liquidity. The project’s entire pitch is its lack of a pitch. No roadmap. No ecosystem partnerships. No whitepaper. Just vibes, irony, and a $0.30 price tag as of the listing date. That price point puts the token’s fully diluted valuation in the neighborhood of $300 million. The meme coin derivatives market keeps growing $USELESS perps were already trading on centralized platforms like Binance and Bybit...