The BSC ecosystem welcomed the launch of the meme token $MONKEY today, backed by notable market makers Wintermute and DWF Labs.

Ten hours prior to launch, Wintermute’s OTC address received a transfer of 100 billion $MONKEY tokens—equivalent to 1% of the total supply—from the project team to facilitate market-making activities. While transactions involving DWF Labs’ address have not been traced yet, the official blog confirms DWF Labs as the primary market maker.

$MONKEY, set to be airdropped to $FLOKI holders, is already trading at a market cap of $250 million. The airdrop will also extend to $APE holders, with specific rules outlined below:

1️⃣ Airdrop Distribution: For every 1 $FLOKI held, users will receive 0.35 $MONKEY. Additionally, $APE holders with at least 1 token will be entitled to 804,828 $MONKEY each.

2️⃣ Snapshot Timelines: The snapshot for $APE holdings concluded on November 29, while the snapshot for $FLOKI will occur post-launch on December 15.

3️⃣ Anti-Sniping Mechanism: The total token supply is capped at 10 trillion, with an initial market valuation of $10 million. Only addresses meeting the snapshot criteria as of December 9 can buy $MONKEY at launch. Other addresses will gain access 10 minutes after listing, either on-chain or through exchanges.

4️⃣ FLOKI’s Support Proposal: Following its successful backing of $CATS (Simon’s Cat), the FLOKI community has proposed allocating $300,000 to purchase $MONKEY for strategic support.

These developments suggest potential volatility in $FLOKI’s price in the near term as market dynamics evolve. Investors and holders may want to stay alert to these fluctuations.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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