Can Wise Monkey supported by Floki become the next meme currency storm in the BNB chain ecosystem?
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Can Wise Monkey supported by Floki become the next meme currency storm in the BNB chain ec... Can Wise Monkey supported by Floki become the next meme currency storm in the BNB chain ecosystem?
The widely discussed meme coin project Wise Monkey went live on December 12. Will the meme coin craze also ignite within the BNB Chain ecosystem?
Recently, as news emerged that Floki token holders would receive MONKY token airdrops, discussions surrounding the Wise Monkey project intensified. Both Binance (BNB Chain) and OKX announced airdrops for Floki holders, with a distribution rate of 0.35 MONKY tokens per 1 Floki token held. This type of distribution has seen positive results in other similar meme coin projects, such as Simon’s Cat. The Simon’s Cat project, upon launching its CAT token, achieved a market cap of $320 million in a short time, drawing significant attention to the Wise Monkey project.
Let’s take a closer look at Wise Monkey as part of the BNB Chain ecosystem—what highlights and key data make it stand out.
Project Overview
Wise Monkey (MONKY) is a meme coin project launched by Ape Accelerator and Forj, a subsidiary of Animoca Brands. The name derives from the proverb "See No Evil, Hear No Evil, Speak No Evil." MONKY tokens went live on December 12 at 6 PM. Notably, MONKY conducted a snapshot for Floki token holders shortly after its launch. However, according to the official announcement, the snapshot didn’t take immediate effect, with the actual snapshot date set for December 15 at 8 AM. The distribution of MONKY tokens is expected to be completed by December 20. Additionally, DWF Labs, a key market maker, was appointed, indicating confidence from professional investors in the Wise Monkey project.
Token Economy Model
The total supply of MONKY tokens is 10,000,000,000,000, issued within the BNB Chain ecosystem. The contract address is: 0x59E69094398AfbEA632F8Bd63033BdBe02430. The market cap at launch was only $1 million.
Specifically, the token economy model shows that MONKY tokens will be heavily distributed to Floki ecosystem token holders:
27% airdropped to Floki holders
4% airdropped to TOKENFI holders and stakers
4% allocated for Floki trading bot rewards
It’s noteworthy that MONKY tokens had a market cap of only $1 million at launch but have already attracted significant funding and community attention.
Anti-Sniping Mechanism
To prevent large-scale arbitrage behavior on-chain during the launch, the Wise Monkey team introduced an "anti-snipe mechanism." According to this mechanism, only holders of Floki and TOKENFI tokens valued at over $1,000 before December 9 at 11 PM were allowed to purchase MONKY tokens within the first 10 minutes after launch. During this time, each address was limited to purchasing a maximum of 0.02% of the total supply to mitigate large inflows of funds. After 10 minutes, all addresses were able to participate normally.
Floki DAO Investment Proposal Passed
On December 13, Floki DAO released an investment proposal to allocate $300,000 of treasury funds to purchase MONKY tokens. The proposal was approved with 99.87% support, indicating significant confidence in the project. This investment amount is a 50% increase compared to Floki’s previous $200,000 investment in the CAT token, showing Floki DAO’s stronger belief in the future value of MONKY.
Conclusion
While the MONKY token couldn’t be purchased within the first 10 minutes of launch, the project remains noteworthy. First, MONKY generated widespread discussion within the community, drawing significant support from key opinion leaders (KOLs), potentially creating opportunities for future entry. Second, the substantial increase in Floki DAO’s investment further highlights their confidence in the Wise Monkey project. With Binance launching other meme coin projects like Cheems and KOMA on the BNB Chain, perhaps a new wave of meme coin enthusiasm is emerging on the BNB Chain, with Wise Monkey positioned as a leading contender.