Lofi The Yeti (SUI: $LOFI) is the meme coin for the LOFI cultural movement on the Sui blockchain. The project has gained a huge fan base since launch, and has a market cap nearing $100 million. In this article, we take a deep dive into innovative SUI blockchain projects.
About The Lofi Mascot
Lofi, the project’s mascot is a recently defrosted yeti that has been stuck in the Himalayas. Due to global warming, the yeti was freed to a world full of chaos and tribalism. The mission of Lofi is to be part of a better future. Lofi aims to unite a new family of believers, builders, and dreamers, that are ready to take on the system, and create a secure financial future.
Since LOFI launched, it has already had a positive impact via the Lofi foundation, which announced it had raised $100K on January 1, 2025, less than a month after its launch. The funds were used to fund running water, and public sanitation facilities in Nigeria.
The foundation partnered with Bitcoin Mandela, a trusted charity partner, for the fund drive. Additionally, they have partnered with Stoked Plastic to donate $40,000 that went to cleaning up oceans, and removing water bottles from landfills.
The Lofi Foundation believes that Web3 projects offer the perfect avenue to have a global impact via charity donations. In 2025, they plan to continue their noble mission.
Harnessing The Power Of Meme
ON January 16, 2025, Lofi Foundation announced it had partnered with Fuckjerry, which is a brand that has been successfully harnessing the power of memes since 2011. With over 40 million followers across social media, the Fuckjerry brand will plan a crucial in driving the LOFI meme coin to new highs.
Project Tokenomics
All 1 billion tokens $LOFI were released via a fair launch on the Cetus decentralized exchange with a huge liquidity pool to support future growth. The Lofi team bought 25% of the tokens after launch with distribution as follows: 10% for the Treasury, 10% for Marketing, and 5% for airdrops.
The project comes with a 0.25% LP fee to support operations, and set up a charitable fund focused on restoring the earth’s water resources. Its goal is to help underserved communities access clean water, and to reduce ocean plastic waste.
LOFI Market Performance
LOFI is one of the best-performing meme coins on the Sui ecosystem. In the past week, the token’s price has risen 102.1% to $0.07948 as of Wednesday, February 5, 2025. It has a market cap of $79,848,300, with a 24-hour trading volume.
The tokens peaked to an all-time high of $0.2503 on December 15, 2024. Since then, they have dropped by 68.2% as some investors took profit. The token has gained an astounding 754.9% since its all-time low of $0.009318 on November 24, 2024.
Social Media Following
$LOFI has a sizable following on social media, with 30.1K followers on X, 450 followers on TikTok, 1,551 followers on Instagram, and 7448 members in its Telegram group.
Is LOFI A Good Buy?
Lofi is a great meme coin project that aims to harness the power of memes to have a real-world impact. Thus far, it has earned the respect of the Sui ecosystem, who have been quite supportive of it. The recent Fuckjerry collaboration could also help it to push it to new heights. Consequently, adding Lofi to your portfolio could potentially pay off in the medium, and long-term.
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