What is Wise Monkey (MONKY)?

Deep Dive

1. Purpose & value proposition

MONKY merges meme culture with token utility through:
- Community incentives: 35% of its 8.5 trillion supply airdropped to Floki ($FLOKI), TokenFi ($TOKEN), and ApeCoin ($APE) holders (FLOKI).
- Cross-project synergy: Backed by Floki’s ecosystem (including its trading bot) and ApeCoin’s NFT community, aiming to tap into existing user bases.
- Cultural narrative: Uses the “See/Hear/Speak No Evil” motif to frame itself as a voice for decentralized collaboration.

2. Tokenomics & governance

• Hyperinflationary supply: 8.5 trillion tokens (100% circulating), with 53.7% held by top 10 wallets – raising decentralization concerns.
• Post-airdrop adjustments: Originally promised 0.35 MONKY per FLOKI and 130 MONKY per TOKEN, but reallocated tokens to honor FLOKI commitments while boosting TOKEN holders’ ratio to 165:1 (FLOKI).
• No governance mechanism: Decisions centralized to founding teams, typical of memecoins.

3. Ecosystem & adoption

• Exchange backing: Airdrops supported by Binance, OKX, and KuCoin – critical for liquidity, with $1.28M daily volume (July 2025).
• Holder trends: 690,292 addresses (down 14% YoY), suggesting fading retention post-airdrop.
• Price sensitivity: 94.8% annual drop highlights dependence on speculative trading rather than organic use cases.

Conclusion

MONKY’s short-term traction relies heavily on exchange partnerships and nostalgic meme appeal, but its hyperdilutive supply and centralized holdings pose sustainability risks. Can MONKY transition from an airdrop-fueled novelty to a utility-driven project within Floki’s ecosystem?