Binance Reveals Major Airdrop Update For FLOKI & APE Holders, What’s Next?

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As an analyst with over a decade of experience in the cryptocurrency market, I find myself constantly intrigued by the dynamic nature of this space. The latest Binance announcement regarding the Wise Monkey (MONKY) airdrop for FLOKI and ApeCoin (APE) holders is yet another testament to the platform’s dedication to its user base and emerging projects.

Binance is now backing the distribution of Wise Monkey (MONKY) tokens, offering benefits to owners of FLOKI and ApeCoin (APE). Qualified individuals will find MONKY tokens deposited straight into their digital wallets, with the amount determined by the quantity of tokens they own.

The recent news from Binance underscores their dedication to benefiting their user community and nurturing fledgling initiatives. Through customized allocation percentages, the MONKY airdrop offers increased worth for those holding FLOKI and APE tokens throughout the entire system.

Binance Confirms MONKY Airdrop for FLOKI and APE Holders

Binance has made a major announcement regarding FLOKI and ApeCoin (APE) owners, confirming they will be part of the Wise Monkey (MONKY) airdrop. The airdrop has clear qualifications and appealing distribution rates, demonstrating their commitment to providing value and fostering opportunities for its users.

As per the recent announcement, users with FLOKI tokens will receive approximately 0.35 MONKY for each FLOKI token they hold. On the other hand, APE token holders stand to earn a significant amount of 804,828 MONKY for every APE token they own. To be eligible for this distribution, users must possess at least one FLOKI or one APE token in their Binance wallets, which can include Spot, Funding, and Margin accounts.

The snapshot for APE will take place on November 29, and for FLOKI, it will occur on December 15. Deposits or withdrawals in progress during the snapshot will not count, ensuring only active balances are considered.

This airdrop could draw more interest to FLOKI and APE, possibly escalating their trading actions. FLOKI, a well-known meme coin, consistently captures retail investors’ attention, while APE maintains its robust presence in the NFT market, promising long-term value. Binance’s participation lends credibility and anticipation to the distribution procedure.

With Binance, a leading cryptocurrency exchange, overseeing the distribution of the MONKY tokens, it’s important to note that listing this token on their platform isn’t automatic. Whether MONKY gets listed will depend on whether it can pass Binance’s strict evaluation process. This underscores Binance’s dedication to maintaining transparent and user-oriented projects, contributing positively to the wider crypto community.

FLOKI and APE Prices: Recent Trends and Market Performance

FLOKI price traded at $0.0002273, down nearly 5% during writing. The meme coin saw a 24-hour high of $0.0002489, indicating the highly volatile scenario in the market. The token is down by 6% over the past week but has surged 70% in the last month. This rise is largely due to its recent Coinbase listing. With a market cap of $2.2 billion and a 24-hour trading volume of $701 million, FLOKI remains a strong player in the meme token market.

Conversely, the price of ApeCoin (APE) stood at approximately $1.50, representing a 2% decrease compared to the previous day. The coin’s price fluctuated within a range of $1.46 (its lowest point) and $1.62 (highest point) during the last 24 hours. APE gains traction due to its association with the Bored Ape Yacht Club. With a market cap of $1.14 billion and a trading volume of $367 million, both APE and FLOKI continue to be significant players in the crypto industry, as evidenced by their positions among the top 100 coins by market capitalization.

Furthermore, FLOKI and APE are maintaining impressive results. Notably, the recent update from Binance may further enhance these tokens’ performance. For instance, when THENA was added to Binance, its price surged by an astounding 500%. This pattern underscores the significant impact that a Binance listing can have on a token’s market value, potentially offering additional thrust for tokens such as FLOKI and APE.

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2024-12-02 12:36