As the SUI ecosystem continues to grow, memecoins on SUI are becoming increasingly popular. Trading volume on DEX increased 74% in the last week to $3.8 billion. Based on decentralised trading volume, SUI is now the fifth largest network.
The major memecoins, including Sonic Snipe Bot (SONIC), LOFI, MEMEFI, MIU and Fud the Pug (FUD), are showing significant bullish momentum along with increasing interest in SUI.
Sonic Snipe Bot (SONIC)
Sonic Snipe Bot is an automated trading tool designed to execute trades quickly. It supports 31 blockchain networks, including Sui, Ton, Injective, Solana and Tron, and is fully integrated into the Telegram app.
The market value of SONIC, the bot's native token, has risen 27 per cent in the past week, surpassing $1.7 million. If the bullish trend continues, SONIC could exceed $0.40 and reach $0.426.
If, however, the trend reverses and sales increase, the token could fall below $0.29 and test $0.24 in the event of a deeper correction.
LOFI
LOFI, dedicated to the Yeti figure, is one of the largest memecoins on the SUI network. This week, LOFI stands out for a less positive reason: it is the only token among the top 10 SUI memecoins to have declined over the past seven days.
This underperformance could indicate a decline in investor interest, or represent a recovery opportunity if overall sentiment on SUI memecoins remains positive.
If the momentum picks up, LOFI could break above $0.045 and reach $0.054. However, the support level at $0.030 remains critical: a break below this area could lead to a drop to $0.0158 or, in the event of more heavy selling, to $0.0055.
MemeFi (MEMEFI)
With over 50 million players worldwide, MEMEFI is a game-universe meme that runs on Web3 and Telegram. With a current capitalisation of $35 million, it has quickly become the second largest memecoin on SUI.
In the past seven days, MEMEFI has risen by an extraordinary 353%. If it manages to regain bullish momentum, MEMEFI will initially try to break through resistance at $0.0037. A successful breakout could push the rally up to $0.0053.
If the current correction deepens, the first major support level will be at $0.0026. A break below this level threatens further declines to $0.00185, and with more selling pressure, $0.00143.
MIU
MIU is currently the largest memecoin on the SUI network, with a capitalisation of $68 million. The price has risen 16.7 percent in the past seven days.
The token could reach a new short-term target of $0.000000080 if positive momentum persists. Otherwise, MIU could initially drop to support at $0.0000000689, and a deeper correction could bring the price down to $0.0000000599.
Fud the Pug (FUD)
FUD's market capitalisation is $3.8 million at the time of writing, down from its peak of $5.9 million two days ago.
FUD nonetheless remains at remarkable levels, up +41% in the past seven days, showing strong momentum despite a nearly 5% drop in the last day.
FUD recently tested support at $0.0000000634. If this level does not hold, the price could fall to $0.000000050.
If the correction stabilises and momentum improves, FUD could reach resistance at $0.000000075. A breakout above this level could lead to a rally to $0.00000010.
