• Binance will support the Wise Monkey (MONKY) airdrop for holders of FLOKI and ApeCoin (APE).
• A snapshot for APE was taken on November 29 and FLOKI on December 15.
• Eligible users will receive MONKY based on their FLOKI or APE holdings, with specific requirements for each.

Binance has disclosed that it will support the upcoming airdrop of the Wise Monkey (MONKY) token for holders of FLOKI and ApeCoin (APE). The airdrop will be conducted in two phases, with a snapshot of APE holders taken on November 29 and FLOKI holders on December 15, 2024.

Airdrop Details

The airdrop will follow a specific distribution ratio for each token. For those holding FLOKI, every 1 FLOKI will be eligible to receive 0.35 MONKY. Meanwhile, every Binance account that holds at least 1 APE will be entitled to a fixed amount of 804,828 MONKY, regardless of the exact quantity of APE held. 

For context, the MONKY team has allocated a massive supply of around over 3 trillion tokens for this airdrop campaign. FLOKI holders will share in a pool of 2.7 trillion tokens, while APE holders will share 800 billion.

Binance has noted that any FLOKI balances under 1 FLOKI, including those in trade orders, will not be eligible for the airdrop. Similarly, APE balances under 1 APE will not be counted towards the distribution.

Snapshot Wallets

Meanwhile, Binance will consider holdings in various accounts, such as Spot Wallets, Funding Wallets, Margin Wallets, Simple Earn Flexible and Locked Accounts, and certain loan accounts. 

However, users who have FLOKI or APE in pending deposit or withdrawal transactions at the time of the snapshot will not have those holdings factored into the airdrop. Furthermore, any FLOKI or APE borrowed from Margin or Crypto Loans or transferred to Spot Wallets from these accounts will not be eligible for the airdrop.

Binance clarified that users with FLOKI or APE liabilities on Margin, Loans, or VIP Loans must repay an equivalent amount of MONKY after the distribution.

Key Services Remain Uninterrupted During Airdrop

Users may continue depositing and withdrawing FLOKI and APE tokens during the airdrop. Trading across Spot, Margin, and Futures markets and Binance Earn services will remain unaffected.

Binance will handle all the technical aspects of the airdrop, ensuring that eligible users receive their MONKY tokens seamlessly. However, the exchange made it clear that the airdrop does not guarantee the listing of MONKY on Binance, as the token must still go through the platform’s usual listing review process.

To be eligible for the airdrop, users must complete the necessary account verification (KYC) and be in an eligible jurisdiction. Binance has stated that more information regarding the airdrop distribution will be shared once the process is complete.