Floki Announces Support for the Upcoming Launch of the $MONKY Memecoin

This new token is the brainchild of Forj, a subsidiary of Animoca Brands, is et to launch on November 21, 2024.

Floki has announced its support for the upcoming launch of the $MONKY memecoin, a new token backed by Bored Ape Yacht Club and ApeCoin.

Announced on Thursday, the new token is the brainchild of Forj, a subsidiary of Animoca Brands, set to launch on November 21, 2024.

Floki, named after Elon Musk's dog and a prominent player in the cryptocurrency space, announced its support for the launch of $MONKY in a statement.

“We're thrilled to announce that Floki will support the launch of Wise Monkey ($MONKY), a memecoin inspired by the globally recognized 'Three Wise Monkeys' proverb,” Floki said.

In a space often dominated by fear, uncertainty, and doubt (FUD), the $MONKY token promotes principles like:

- See No FUD: Resisting the temptation to believe in fear-driven narratives.

- Hear No Rumors: Embodying critical thinking and not falling prey to unverified information.

- Speak No Hype: Communicating responsibly and not inflating expectations.

The “Three Wise Monkeys” are widely regarded as one of the earliest examples of a meme. Their simple yet powerful message—urging individuals to avoid evil through the senses of sight, hearing, and speech—has transcended time and cultures.

Originating from Japanese carvings, the proverb has been adapted and referenced in political cartoons, pop culture, and social media. Figures like U.S. President Bill Clinton and celebrities like Neymar and Kim Kardashian have incorporated the monkeys into their public personas.

Now, $MONKY aims to capture this cultural momentum in the digital age. By drawing on the historical significance of the proverb, the $MONKY token seeks to offer a modern adaptation for the Web3 era.

Floki also announced an airdrop for $MONKY, with 45.5% of the total token supply to be distributed across multiple communities. Here's a breakdown of how the airdrop will work:

- Floki Ecosystem: 35% will be allocated to $FLOKI holders, with 27% going to $FLOKI holders, 4% to $TOKEN (TokenFi) holders, and another 4% to Floki Trading Bot users.

- ApeCoin Holders: 10% of the supply will go to ApeCoin holders.

- GraFun Users: 0.5% will be distributed to GraFun users.

To qualify for the airdrop, users must hold the required minimum amounts of tokens. For Floki holders, this means holding at least 500,000 $FLOKI, while TokenFi users need a minimum of 2,000 $TOKEN. The airdrop will be distributed proportionally based on the amount of tokens held.

The $MONKY token will launch on the BNB Chain, and more details about the airdrop, including the snapshot date and supported exchanges, will be announced soon.