Binance has announced its support for the upcoming Wise Monkey airdrop, aiming to reward holders of ApeCoin and Floki. This initiative is part of a collaborative effort among several companies to introduce new tokens into the crypto ecosystem.
Wise Monkey Airdrop Planning
The Wise Monkey airdrop is an initiative that involves distributing portions of the Wise Monkey (MONKY) supply among ApeCoin and Floki holders. The main goal is to bring new energy into the crypto industry by introducing a fresh token to the ecosystem. According to Binance, wallet snapshots will be used to determine eligibility for the token. For ApeCoin holders, the snapshot took place on November 29 at 00:00 UTC, while for Floki holders it will occur on December 15 at 00:00 UTC.
Airdrop Qualifications and Conditions
To participate in the airdrop, users must hold at least 1 FLOKI or 1 APE. Balances below this threshold, including those in trade, withdrawals, or deposits at the time of the snapshot, will be excluded. Additionally, holders must have balances in Binance funding or spot wallets. Meanwhile, liabilities in margin accounts and borrowed tokens are not eligible for the airdrop.
Support from Other Exchanges
Binance confirmed that the distribution will follow a specific ratio: for every 1 FLOKI held, users will receive 0.35 MONKY, while each 1 APE token will equate to 804,828 MONKY. The support for the Wise Monkey airdrop from Binance comes amid similar moves from exchanges such as OKX, Uphold, and KuCoin. Although the MONKY token distribution has been confirmed, its listing on Binance for trading will depend on the platform’s rigorous review process, and no guarantees have been made yet.
Binance has confirmed its plans to support the upcoming Wise Monkey airdrop, promising rewards for ApeCoin and Floki holders. This event highlights the importance of cooperation among companies to support and increase the supply of new cryptocurrencies in the ecosystem.
