Introduction

The Wise Monkey meme project is one of the projects launched in December 2024, intending to build a vibrant community and fight FUD. The project was built on the Japanese principles of “See No Evil, Hear No Evil, Speak No Evil.”

While built on life principles, it also tries redefining the crypto meme space. It draws inspiration from the three wise monkeys and the three monkey emojis.

Some of the popular names backing the project include Floki and Animoca Brands. With this support and backing, the project seeks to engage a broad audience while tapping into meme coins’ playful and speculative nature.

In this article, we will look into the features of the project, its benefits, and factors that can contribute to its success.

What is Wise Monkey (MONKY)?

Wise Monkey token (MONKY) is a new meme coin that has generated significant buzz in the cryptocurrency community. It was developed by Forj, a subsidiary of Animoca Brands, and shares an ecosystem with the popular meme coin Floki.

Source: Wise Monkey website

It was designed using the concept of the three wise monkeys, which has been used in pop culture and politics. Global figures such as former US president Bill Clinton used the concept while conducting a NATO summit.

While more modern renditions of this symbol are used daily as emojis, the Wise Monkey project aims to popularize it even more. The project has shown some promise and impact by gathering more than 170 million in total market capitalization.

At the time of its token launch, the Wise Monkey project did an airdrop campaign in collaboration with other meme projects like Floki and TokenFi. It also incorporated security features like anti-snipe mechanisms to protect its investors from bad actors in the meme space.

Brief History

The project was started by Forj, a subsidiary of Animoca Brands known for its expertise in developing projects like OpenSea, Axie Infinity, and The Sandbox. Their experience includes collaborations with prominent projects like Apecoin and the Bored Ape Yacht Club.

The project is controlled by Forj, a blockchain powerhouse for innovative solutions. Forj’s CEO is Harry Liu, an experienced blockchain expert.

Under his leadership, Forj has focused on creating unique fan experiences through Web3 technologies, emphasizing community engagement and cultural relevance. Using strategic partnerships and airdrop campaigns, Forj seeks to foster a thriving community around MONKY.

The project was initially set to launch in November 2024, but circumstances forced the token to launch in December 2024.

The team then started building the Wise Monkey community on three principles. The first is building resilience against wrong information, or “See no FUD.” The second is promoting critical thinking by “Hearing no rumors.” Finally, the third is promoting responsible communications, or “Speaking no hype.”

This is all done to transform MONKY from just another meme coin into a cultural and financial symbol that resonates with users. The vision is to create a sustainable ecosystem that empowers community members while allowing collaborations against crypto misinformation.

Wise Monkey Milestones

Although the project was recently launched, it has achieved some notable milestones even within less than one month of launching.

• Within 24 hours of launch, MONKY became the number one memecoin on the Binance chain.
• It launched at $10 million but rose to $330 million after it launched.
• It achieved more than $120 million in total trading volume on the first day of its launch.
• The project got a spot and perpetual listing on the top five centralized exchanges: Gate.io, Binance, OKX, Kucoin, and MEXC.

Wise Monkey vs. Floki Inu vs. ApeCoin

Source: CoinStats

Comparison

Regarding the world of memecoins, Wise Monkey, Floki Inu, and ApeCoin each bring their unique community-driven goals to the table. While they all share a playful spirit, their objectives and underlying philosophies differ completely.

To start, Wise Monkey aims to redefine meme culture by promoting the right communication and allowing transparent community engagement.

In contrast, Floki Inu was created as a tribute to Elon Musk’s Shiba Inu dog. Its focus is on building a strong community and expanding its ecosystem through various projects like NFTs and games.

Meanwhile, ApeCoin serves as a utility token within the Bored Ape Yacht Club ecosystem, enabling governance rights and access to exclusive events.

Blockchain

The blockchain foundations of these tokens also differ. Wise Monkey recently launched on the Binance Smart Chain, known for its fast transaction speeds and lower fees.

Floki Inu operates on the Ethereum and Binance Smart chain, allowing it to tap into both networks’ extensive user bases. ApeCoin, an ERC-20 token, is built on the Ethereum blockchain, benefiting from its established infrastructure and vibrant community.

Tokenomics

The Monky Token Distribution Chart

Tokenomics plays a crucial role in distinguishing these projects. Wise Monkey has a total supply of 10 trillion tokens, with 45% allocated for community engagement through airdrops and rewards. The reward distribution allows users to participate early and build a loyal community.

Specifically, 27% of MONKY will be airdropped to FLOKI holders, 10% to ApeCoin holders, and 4% to TokenFi holders.

Additionally, 4% will be used as reward for users of the Floki Trading Bot. The remaining 55% is distributed towards providing liquidity, market making, building the community, and treasury reserves.

Floki Inu follows a more complex model that includes multiple tokens within its ecosystem. FLOKI is used for governance and utility purposes and implements deflationary mechanisms to enhance value over time.

While ApeCoin has a fixed supply of 1 billion tokens. It is designed to support its governance model to encourage community involvement and decision-making processes.

Utility

Wise Monkey doesn’t have many utilities but aims to develop additional use cases as it matures. Floki Inu offers various functionalities through its ecosystem, including staking rewards and NFT marketplaces, making it more versatile for users.

ApeCoin stands out with its clear utility as a governance token that allows holders to influence decisions regarding the Bored Ape ecosystem and participate in exclusive events.

Pros and Cons of Wise Monkey

Wise Monkey is a unique project, even among meme coins. Its desire to build a cultural community driven by the principles of the wise monkeys gives it some advantages. But it also has some disadvantages.

Pros of Wise Monkey

• Cultural Significance: One of the standout features of Wise Monkey is its inspiration from the “Three Wise Monkeys” proverb. This cultural backdrop adds depth to the project and promotes values like transparency and responsible communication within the community.
• Strong Community Focus: The project is designed to be community-driven, with 45.5% of the total supply allocated for airdrops. This strategy encourages early participation and helps build a loyal community base right from the start. A strong community often drives the success of a memecoin, making it a significant advantage for Wise Monkey.
• Support from Established Partners: Backed by reputable entities like Ape Accelerator and Floki, Wise Monkey benefits from strategic partnerships that lend credibility and potential for growth. This collaboration and support can help the project gain traction in a competitive market, attracting more investors and users.

Cons of Wise Monkey

• Limited Use Cases at Launch: While Wise Monkey has a compelling narrative, it lacks extensive practical use cases beyond being a memecoin. This could raise concerns about its long-term sustainability, especially compared to other cryptocurrencies offering broader utility.
• Market Volatility: MONKY will likely experience significant price volatility, just like many meme coins. The speculative nature of memecoins means that prices can fluctuate dramatically based on market sentiment and community hype, which may not be suitable for all investors.
• No Staking Options Initially: At this stage, Wise Monkey does not offer staking options for holders looking to generate passive income. This could be seen as a drawback for those who prefer tokens that provide opportunities for earning rewards through staking or yield farming.

What is the MONKY Token?

The MONKY token, known as Wise Monkey, is a fresh entrant in the meme coin market. The project’s cultural reference and resemblance to the monkey emoji give the token a unique identity.

Since its launch, the token’s price has moved upward. This can be attributed either to its uniqueness or the bull run that was in effect at the time of its launch. The token currently has a maximum supply of 10 trillion tokens.

Its tokenomics allocates 10% (1 trillion) to the foundation, 5% (500 billion) is reserved for its treasury, and another 5% (500 billion) is allocated to market making. 25% (2.5 trillion) is allocated to providing liquidity for the project.

9.5% (950 billion) is allocated to growing its community. 35% (3.5 trillion) is allocated to rewarding FLOKI holders, 10% (1 trillion) is allocated to Apecoin holders, and 0.5% (50 billion) is allocated to Grafun holders.

Will the MONKY Token Surge Higher?

The future of the MONKY token is generating a lot of buzz as it just launched on December 12, 2024. Current predictions suggest that MONKY could experience significant growth in the coming years, but like any cryptocurrency, it comes with its uncertainties.

It’s important to consider that the cryptocurrency market is notoriously volatile. Factors such as market demand, the success of airdrop events, and overall sentiment in the crypto space can greatly influence MONKY’s price movements.

The upcoming airdrop, which will distribute significant tokens to FLOKI and Apecoin holders, could create the social validation that drives interest and demand. Since these holders would share their allocations and rewards on social media, WONKY’s social media presence could also be drastically improved.

Is Wise Monkey (MONKY) a Good Investment?

Many crypto enthusiasts are wondering whether Wise Monkey is a good investment, especially given its recent launch. One of the key advantages of investing in MONKY is its strong community focus and cultural significance.

Moreover, MONKY has a reward-focused tokenomics structure. On the flip side, potential investors should be cautious about the inherent volatility associated with memecoins. While MONKY has shown impressive short-term gains, such rapid price fluctuations can also lead to significant losses if market sentiment shifts.

Additionally, as a newly launched token, it lacks extensive use cases beyond being a speculative asset, raising questions about its long-term sustainability.

How to Own MONKY

You can buy MONKY from centralized and decentralized cryptocurrency exchanges. For example, Gate.io offers traders the MONKY/USDT trading pair.

To own the token, create a Gate.io account and complete the registration process. Also, you must fund your spot trading account and go through the steps to buy MONKY.

Take Action on MONKY

Check out MONKY price today and start trading your favorite currency pairs:

• MONKY/USDT