Loopy (SUI: $LOOPY) is a meme coin on the Sui ecosystem inspired by the pink North American beaver Loopy, who appears in the Pororo the Little Penguin show. The project is leveraging a unique airdrop model to grow its community.
LOOPY Uses Airdrop For Community Growth
The Loopy team is harnessing airdrops to grow its community, with 50% of the 1,000,000,000,00 Loopy coins being given out in airdrops. To participate in the airdrop, you only have to visit the project’s website and connect your wallet, and you will receive the tokens.
The only qualification is that a wallet address must have over 20 transactions on BSC, ETH, ARB, BASE, or Solana chains. Those with such a wallet address, bound to the SUI Coin, can enter it to claim their tokens.
The community is built around the values embodied in the Loopy character: harmony, friendship, and dreams. It cherishes the joys of friendship and the quiet courage of facing one’s fears.
The project’s tokenomics are simple: Half of the 1 trillion coins will go to the airdrop, while the other half will go to the liquidity pool.
Market Performance
Thus far, Loopy’s market cap has grown to $13,388,661 as of November 14, 2024. The current price of $0.00001328 is a 248.7% increase in the past two weeks. Meanwhile, its price has risen 139.5% in the past seven days and 118.5% in the past thirty days.
It reached its all-time high of $0.00002026 on October 9, 2024, and has since fallen 33.6% as investors take profit. Looking at the on-chain data, LOOPY has 54,673 wallet addresses, with the biggest wallet holding 0.38% of the tokens. It signals a community-driven project whose price cannot be swayed by whale activity. Besides the airdrop, interested buyers can purchase LOOPY on XT.com, the OKX Dex, or on Cetus.
Social Media Following
Loopy’s social media presence is quite significant for a project that is barely two months old. It has 27.7K followers on X and 2,724 members in its Telegram group.
Is LOOPY The Next Big Meme Coin On Sui?
Sui is one of the latest blockchain ecosystems and has already experienced phenomenal growth. The SUI token has seen its price grow 470.48% in the past twelve months, and it now has a market cap of $9.41B.
According to DefiLlama, the total value locked within the Sui network now stands at $1.359 billion. Its TVL is now larger than that of more established chains like Polygon, Avalanche, and Optimism.
With such a huge ecosystem behind it, LOOPY could experience phenomenal growth in the coming months. Having grown its market cap by triple digits in the previous few weeks, it could soon join the top five meme coins on Sui by market cap. Thus far, it has managed to enter the top ten list. With a growing community and an innovative airdrop design, its community could propel it to the top as soon as 2025.
Should You Add LOOPY To Your Portfolio?
LOOPY has captured the attention of the Sui community and the crypto world. With solid and steady growth and an active community backing it, adding it to your portfolio could potentially yield huge gains in 2025 and beyond.
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