Coinspeaker Binance Supports MONKY Airdrop for FLOKI and APE Holders as Meme Coin Popularity Rises
Leading crypto exchange platform Binance has announced its support for the Wise Monkey (MONKY) airdrop, targeting holders of FLOKI FLOKI $0.00023 24h volatility: 7.2% Market cap: $2.19 B Vol. 24h: $768.33 M and ApeCoin APE $1.53 24h volatility: 1.8% Market cap: $1.10 B Vol. 24h: $445.67 M . This initiative offers eligible users an opportunity to receive MONKY tokens directly in their Binance wallets, reinforcing the platform’s commitment to value-driven initiatives.
As per the official announcement shared on December 2, the distribution ratios are set to reward FLOKI holders with 0.35 MONKY per token, while APE holders will receive 804,828 MONKY per token.
Eligibility criteria require users to hold a minimum of 1 FLOKI or 1 APE in their Spot, Funding, or Margin accounts. For APE holders, the snapshot has been taken on November 29. On the other hand, FLOKI holders still have time before the exchange takes a snapshot, scheduled for December 15. However, deposits or withdrawals in progress during these times will not be considered, stating the need for active holdings.
The move is expected to boost attention toward both FLOKI and APE, potentially driving increased trading activity. FLOKI, known for its appeal among retail investors, remains a prominent memecoin, while APE’s strong presence in the NFT ecosystem highlights its long-term potential. Binance’s role in the process adds credibility, though the listing of MONKY on the platform will depend on its ability to pass the exchange’s review process.
FLOKI and APE Performance
The meme coin market has seen explosive growth in 2024, with total market capitalization reaching $117 billion, a sixfold increase in a year. According to a recent report by market maker DWF Labs, despite the growing demand for cryptocurrencies related to emerging technologies like artificial intelligence (AI), the meme coin industry still registered the highest gains in the recent past.
Dogecoin DOGE $0.43 24h volatility: 0.1% Market cap: $62.44 B Vol. 24h: $15.37 B , the leading memecoin, has surged over 150% in November alone, illustrating the sector’s growing traction.
FLOKI, the sixth-largest meme coin by market cap, stands out with a market cap of $2.2 billion and a 24-hour trading volume of $701 million. At the time of writing, its price was at $0.0002239, down 5% in 24 hours but showing a 70% gain over the past month, thanks to its recent Coinbase listing. However, it remains 35% below its all-time high of $0.0003462 achieved in June.
Meanwhile, Ethereum-based ApeCoin (APE) is trading at $1.50, marking a 2% drop in 24 hours. With a market cap of $1.1 billion and a trading volume of $367 million, APE holds the 96th spot among the largest cryptocurrencies. Notably, in October, the NFT-based altcoin doubled in value in just a few days following the launch of its mainnet blockchain, Apechain.
The MONKY airdrop has created a buzz among FLOKI and APE communities, presenting an opportunity to increase visibility for these tokens. As the memecoin market continues its upward trajectory, initiatives like these serve to solidify their place in the broader crypto landscape.
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Binance Supports MONKY Airdrop for FLOKI and APE Holders as Meme Coin Popularity Rises
