The memecoin $LOFI has seen a notable resurgence, doubling in value since its recent low and reclaiming the top position among memecoins on the SUI network. As of January 31, 2025, $LOFI is trending as the number one memecoin on SUI CoinMarketCap. The recovery rally for $LOFI is attributed to its resilient community and a doxxed developer. Additionally, the integration of the Sui network into the Phantom wallet, which boasts over 15 million monthly users, is expected to enhance user access to the Sui ecosystem. This integration is seen as a pivotal step for Sui's mainstream adoption, bringing in substantial user traffic and improving asset liquidity. Grayscale has also highlighted that gaming may play a crucial role in the mass adoption of Web3 technologies, with $SUI positioned to lead this trend.