MemeFi
MEMEFI
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
MEMEFI (MemeFi) is a Web3 tap-to-earn and social GameFi project on the Sui blockchain that has effectively become moribund following its late 2024 launch. Active development has completely stalled with no official repositories, updates, or roadmap milestones for 2025–2026. Despite historical claims of a large user base during its initial tap-to-earn phase, current community signals and governance participation are non-existent. Tokenomics and market performance are severely impaired: the token has experienced a ~99% drawdown from all-time highs, market capitalization sits in the micro-cap range (~$123K–$207K), and 24-hour trading volume has collapsed to near zero ($5–$134), pointing to severe illiquidity. Governance is opaque, marked by an anonymous team and unevidenced DAO claims. On the security front, while CertiK tracks a Skynet profile (BB rating, 69.63), no third-party audit reports are published, though no direct protocol exploits or hacks were confirmed. With no active development, a dried-up market, and virtually no liquidity, MEMEFI presents an unfavorable risk profile.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About MemeFi (MEMEFI)
MEMEFI (MemeFi) is the native utility token for MemeFi, a Web3 tap-to-earn and social gaming platform deployed on the Sui blockchain. Launched in late 2024, the project incorporates player-versus-player (PvP) and player-versus-environment (PvE) gameplay elements alongside a social mechanics system where users can trade access keys that represent a share in other players' in-game rewards. The token was designed with a fixed total supply of 10 billion units intended for in-game purchases, governance, and staking.
Following its initial launch, the project transitioned into an inactive state. Active development has largely stalled, with no public code repositories, continuous versioned updates, or roadmap milestones documented for 2025–2026. Governance remains unverified, as claimed decentralized autonomous organization (DAO) voting mechanisms have not been implemented on-chain, and the project operates under an anonymous development team without published vesting schedules. In terms of security, while the project maintains a profile on CertiK's monitoring platform, no formal third-party audit reports have been published.
MEMEFI has experienced severe market contraction and liquidity loss since its release, suffering a price crash of over 98% to 99.9% from its all-time high, alongside an exchange delisting by Binance. Daily trading volume has declined to near-zero levels across active markets. Additionally, the project's user base was targeted by third-party phishing campaigns seeking seed phrases during 2024, although no direct smart contract exploits or protocol-level hacks have been confirmed.