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 biggest beneficiaries of MONKY.

The Floki Inu (FLOKI) community will be one of the biggest beneficiaries of Wise Monkey (MONKY), a new high-profile meme launch. The MONKY token will be available through the BNB Smart Chain and is now preparing for additional distribution via airdrops. The MONKY reveal may lead to the creation of additional fake tokens, so the best approach is to only use official links for trading or additional airdrops.

MONKY is one of the more comprehensive snapshots, with time running until December 15. All FLOKI and TokenFi (TOKEN) holders will be eligible, with the actual distribution expected on December 20. The snapshot will record any FLOKI tokens on either Ethereum or BNB Smart Chain but MONKY will only be issued to BNB Smart Chain addresses.

Wise Monkey ($MONKY) is here! 🔥

The Moment We've All Been Waiting For – $MONKY Is Officially Available on the BNB Chain

This is the real deal - the official Wise Monkey token launched by the Ape Accelerator team and Forj (part of Animoca Brands).

Launch details:

- Codename: Hakim… https://t.co/NSNZXsrc0Opic.twitter.com/NaGy9aFWvu

— Floki (@RealFlokiInu) December 12, 2024

The MONKY airdrop has already had an impact on Apecoin (APE) holders. The current distribution for FLOKI holders will be much smaller. For APE holders, each APE unit owned will make holders eligible for 804,828 MONKY.

Floki Inu currently holds 35% of the MONKY supply in its treasury wallet ahead of the actual distribution. The largest share, 27% of the supply, will go to token holders and direct investors in FLOKI. Another 4% will be distributed to token holders, and the remaining 4% of the supply will go to users of the Floki Trading Bot.

The bulk of the MONKY tokens will be distributed to wallets and authorized centralized exchanges that also hold FLOKI. For Floki Bot users, the remaining 4% of the supply will be distributed over a few months, as part of a series of trading contests.

MONKY is the rare meme that has been released at a high profile

MONKY is a rare new token with a high-profile launch. In recent months, new memes have typically emerged from the “trenches” of Pump.fun, or have had a long-term community building effort prior to launch.

The first trading hours showed a mix of rapid expansion and very active selling. MONKY started with five zeros, later rising to $0.00003. Shortly after reaching the peak, selling pressure from early adopters began. MONKY holds $5.8 million in liquidity, while activity reached $69.5 million in the first 24 hours.

Initially, MONKY started trading as a single pair on Cake Swap, against USDT. Subsequent listings and added liquidity may change the scalability of the underlying token.

On the first day after launch, Wintermute joined as a market maker, building a wallet with 0.8% of the token supply. Wintermute wallets participate in large-volume transfers through 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, expecting a price of $0.03 to $0.05 shortly after the airdrop ends.

The token is raising some eyebrows with its immediate success. The official smarttrace of the asset, MONKY has already reached 164,692 wallets on BNB Smart. The new token far outpaces older popular assets. The wide distribution is partly explained by the airdrop to the APE holder community. The allocation to APE holders is 10% of the total supply.

What’s even more surprising is that MONKY started trading immediately after the token creation event. The exchange gained a prominent KuCoin listing, as well as exposure to other markets like CoinEx, Bitrue, and BitMart.

For airdrop, MONKY will be supported by Binance, OKX, KuCoin, Gate.IO, Uphold, MEXC, and Bithumb. Support for matic airdrop will not be translated to the list.

Who is behind Monkey?

Launching memes like MONKY can only come from an influential community. The new meme token is backed by Ape Accelerator and Forj, a subsidiary of Animoca Brands. The support includes industry connections, listings, and instant partnerships.

While MONKY is legitimate and likely to maintain a prominent social media presence, the asset is also risky and relatively volatile. In its early trading, MONKY has been pressured by selling, as recipients tried to cash out of the early hype. MONKY’s social media team is also trolling Bored Ape NFT owners for supporting the new token.