Another high-profile meme token, Wise Monkey (MONKY) will join the market, with a potentially valuable airdrop. The Floki Inu (FLOKI) community will be one of the big recipients of MONKY.
The Floki Inu (FLOKI) community will be one of the biggest recipients of Wise Monkey (MONKY), a new high-profile meme launch. The MONKY token will be available through BNB Smart Chain and is now preparing for additional distribution through airdrops. The exposure of MONKY may create additional spoof tokens, so the best approach is to only use the official links for trading or the additional airdrop.
MONKY is one of the more inclusive snapshots, with time until December 15. All FLOKI and TokenFi (TOKEN) holders will be eligible, with the actual airdrop expected on December 20. The snapshot will register any FLOKI tokens either on Ethereum or BNB Smart Chain but will issue MONKY only to the BNB Smart Chain addresses.
WISE MONKEY ($MONKY) IS NOW LIVE! 🔥
The moment we've all been waiting for – $MONKY is officially live on BNB Chain!
This is the real deal – the official Wise Monkey token launched by Ape Accelerator and Forj team (part of Animoca Brands).
Launch details:
– Token name: Wise… https://t.co/NSNZXsrc0O pic.twitter.com/NaGy9aFWvu
— FLOKI (@RealFlokiInu) December 12, 2024
The MONKY airdrop already had its snapshot for Apecoin (APE) holders. The current distribution for FLOKI holders will be much smaller. For APE holders, each APE unit held will make holders eligible for 804,828 MONKY.
Floki Inu currently holds 35% of the MONKY supply in its special treasury wallet ahead of the actual distribution. The biggest share, 27% of the supply, will go toward direct token holders and stakers of FLOKI. Another 4% will be distributed to TOKEN holders, and the remaining 4% of the supply will go to the users of the Floki Trading Bot.
The biggest portion of MONKY tokens will be distributed to wallets and to approved centralized exchanges that also hold FLOKI. For the Floki Bot users, the remaining 4% of the supply will be distributed over a few months, as part of a series of trading competitions.
MONKY is the rare meme with a high-profile launch
MONKY is a rare new meme token with a high-profile launch. In the past months, new memes would usually originate from the ‘trenches’ of Pump.fun, or have a long-running effort to build a community before the launch.
The first trading hours showed a mix of rapid expansion and highly active selling. MONKY started off with five zeroes, later climbing to $0.00003. Soon after peaking, sell pressure set in from early recipients. MONKY locks in $5.8M in liquidity, while activity reached $69.5M in the first 24 hours.
Initially, MONKY started trading as a single pair on PancakeSwap, against USDT. The subsequent listings and added liquidity may change the token’s baseline potential for expansion.
On the first day after the launch, Wintermute joined as a market maker, building a portfolio with 0.8% of the token’s supply. Wintermute’s wallets engaged in high-volume transfers with the Gate.IO exchange.
More than 53.26% of the MONKY supply is also held in a single wallet, while the community will receive a total of 45% of all tokens. The project has a roadmap with expectations of future price expansion, awaiting a price of $0.03 to $0.05 soon after the airdrops are finished.
The token is raising some eyebrows with its immediate success. Soon after publishing the asset’s official smart contract, MONKY had already reached 164,692 wallets on the BNB Smart Chain. The new token surpasses even far older trending assets. The wide distribution is partially explained by the airdrop to the community of APE holders. The allocation to APE holders is for 10% of the total supply.
What is even more surprising, MONKY started trading immediately after its token generation event. The exchange gained a prominent KuCoin listing, in addition to spreading to other markets like CoinEx, Bitrue, and BitMart.
For the airdrop, MONKY will be supported by Binance, OKX, KuCoin, Gate.IO, Uphold, MEXC, and Bithumb. The airdrop support will not automatically translate to a listing.
Who is behind MONKY?
A meme launch like MONKY can only come from an influential community. The new meme token is backed by Ape Accelerator and Forj, an Animoca Brands subsidiary. The backing explains the industry connections and immediate listings and partnerships.
While MONKY is legitimate and will probably keep up a high profile on social media, the asset is also relatively risky and volatile. In its early trading, MONKY has been pressured by selling, as recipients tried to cash out on the early hype. The MONKY social media team is also riling up the owners of Bored Ape NFT to support the new token.
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