What is Monkeyhaircut (MONK) Crypto Coin? A Realistic Look at the Solana Meme Token
Feb, 28 2025
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Monkeyhaircut (MONK) isn’t a project. It’s not a platform. It doesn’t have a team, a roadmap, or a product. It’s a meme token on the Solana blockchain that exploded briefly in 2024 and then collapsed-hard. If you’re wondering whether MONK is worth buying, the real question is: why are you even looking at it?
What Is Monkeyhaircut (MONK)?
Monkeyhaircut (MONK) is a cryptocurrency token launched in early 2023 on the Solana blockchain. Its contract address is FYa25XnBsXQXAdTnsyKBKd5gZ1VZhChBRF57CqfRxJZX, and it has a total supply of exactly 1 billion tokens. Nearly all of them-999.7 million-are already in circulation. There’s no mining. No staking. No utility. MONK exists purely because someone created it, gave it a weird name, and posted a cryptic, almost poetic story about a place called the “Hairzone.”
The lore says: “The Hairzone is not a place you find. The Hairzone can only choose to find you. You wish to go to the Hairzone? Go to the edge of the desert, look up. Canis Minor. The dog that followed Orion through the sky. You follow the brightest star. Walk until you are almost dead. Then, keep walking. When you are on your last breath, it will find you. Or it will not.”
That’s it. That’s the entire brand. No whitepaper. No GitHub. No team bio. No product. Just a story that sounds like a late-night TikTok hallucination. And somehow, that was enough to get people to buy it.
How Did MONK Perform?
MONK hit its all-time high of $0.02811 on May 10, 2024. That’s not a typo. A single token was worth nearly three cents. For context, that’s more than the price of a full Dogwifhat (WIF) token at the time. But that peak lasted less than a week. By November 2024, MONK had crashed 98.77% from that high. It’s now trading around $0.00015 to $0.00057, depending on which exchange you check.
Why the huge drop? Because meme coins like MONK don’t have fundamentals. They ride hype. When the hype dies, the price evaporates. And with MONK, the hype didn’t just die-it got buried.
Even during its brief surge, MONK never broke into the top 1,000 cryptocurrencies by market cap. At its peak, it was ranked around #2,000. Now, it’s hovering between #3,700 and #5,400 across different tracking sites. That’s not a failure-it’s a footnote.
Where Can You Trade MONK?
You can buy MONK on a handful of decentralized exchanges (DEXs) on Solana, mainly Raydium and Jupiter. It’s not listed on Coinbase, Binance, or Kraken. You need a Solana wallet like Phantom or Solflare to hold it. Even then, trading MONK is risky.
Why? Liquidity. The 24-hour trading volume for MONK is usually under $60,000. Its market cap is around $150,000 to $1.1 million, depending on the source. That means the market is tiny. If someone sells $10,000 worth of MONK, the price could drop 10% in seconds. If you try to buy $100 of it, you might pay 5% more than the listed price due to slippage. Exit? Good luck. Many users report failed transactions because there’s no one on the other side of the trade.
There are only about 4,000 wallet holders of MONK. That’s not a community. That’s a group chat with a few dozen active people. No dedicated subreddit. No official Telegram with more than a few hundred members. No news. No updates. No announcements. Just price charts and occasional memes.
How Does MONK Compare to Other Solana Meme Coins?
Solana is the home of meme coins. Dogwifhat (WIF), Bonk (BONK), and Popcat (POPCAT) are all bigger, more liquid, and have actual followings. WIF alone has a market cap over $1 billion. MONK’s market cap is less than 0.01% of that.
WIF and BONK have:
- Active development teams
- Partnerships with apps and services
- Community events and giveaways
- Real utility (like staking, NFTs, or payment integrations)
MONK has none of that. It’s just a name, a story, and a contract address. It doesn’t even have a logo that’s consistent across platforms.
Some people say MONK had a 43% price surge in one week in late 2024. That’s true. But so did hundreds of other obscure Solana tokens. That’s not a sign of strength-it’s a sign of chaos. In meme coin land, a 40% jump in a week means someone dumped a pile of coins and the market briefly panicked.
Is MONK a Good Investment?
No.
Not because it’s a scam. Not because it’s fake. But because it has no reason to exist beyond speculation. There’s no value behind it. No technology. No team. No plan. No future.
Experts on CoinCodex, CoinGecko, and BeInCrypto all agree: MONK is in a long-term bearish trend. The 50-day moving average might briefly cross above the 200-day average, giving a false signal of recovery. But that’s just noise. The long-term trend is clear: down, and staying down.
The Fear & Greed Index for MONK is sometimes in “Greed” territory, which means people are still buying it-hoping for another pump. But that’s gambling, not investing. The odds are stacked against you. The last time MONK pumped, it lost 98.77% of its value. There’s no guarantee it’ll ever recover.
What Are the Risks of Holding MONK?
Here’s the real list:
- Zero liquidity - You might not be able to sell when you want to.
- Price manipulation - A single large wallet can move the price 20% in minutes.
- No support - If your transaction fails, no one will help you.
- No updates - The project hasn’t released a single update since 2023.
- Regulatory risk - If regulators crack down on meme coins, MONK will be one of the first to vanish.
And here’s the kicker: even if MONK somehow went viral again, you’d still be competing with over 500 other Solana meme tokens. Most of them have better branding, bigger communities, and more liquidity. MONK doesn’t stand out. It just blends into the noise.
Who Is Buying MONK?
People who don’t understand crypto. People who saw a meme on X and thought, “This could be the next Dogecoin.” People who are chasing the ghost of a past price. People who think “low price = high potential.”
But here’s the truth: a token trading at $0.00015 isn’t “cheap.” It’s dead. If you bought 10 million MONK tokens at $0.00015, you’d have $1,500 worth of a coin with no future. That’s not a bargain. That’s a graveyard.
The only people who profit from MONK are the ones who bought early and sold before the crash. Everyone else is holding a digital paperweight.
Final Verdict: Should You Buy MONK?
If you’re looking for a serious investment? Walk away.
If you want to gamble $50 on a coin with no future, and you’re okay with losing it all? Go ahead. But don’t call it investing. Call it entertainment. Like buying a lottery ticket.
MONK isn’t a crypto project. It’s a cautionary tale. A reminder that in the wild west of meme coins, the only thing more dangerous than a bad idea is a crowd believing in it.
If you’re new to crypto, stick to the big names. Bitcoin. Ethereum. Solana itself. Learn how the market works before chasing ghosts.
MONK won’t make you rich. It won’t change your life. It won’t even get you a decent coffee. But it might teach you something valuable: not every coin with a funny name is worth your money.
Is Monkeyhaircut (MONK) a scam?
No, it’s not technically a scam. No one stole money or created fake technology. But it has zero utility, no team, and no roadmap. It’s a speculative meme token with no long-term value. Calling it a scam implies intent to deceive, but MONK is more like a ghost town-empty, abandoned, and slowly fading.
Can I make money trading MONK?
Maybe-if you’re extremely lucky and extremely fast. A few traders made profits during its short 2024 pump. But the odds are stacked against you. With liquidity under $60,000 daily and over 4,000 holders, any large trade can tank the price. Most people who bought after the peak lost 90%+ of their money. Trading MONK is like playing Russian roulette with your wallet.
Where can I buy MONK?
MONK is only available on decentralized exchanges on Solana, like Raydium and Jupiter. You need a Solana wallet like Phantom or Solflare. It’s not listed on any major centralized exchanges like Coinbase or Binance. Be warned: trading on these DEXs can be slow, expensive, and unreliable due to low liquidity.
What’s the total supply of MONK?
The total supply is exactly 1,000,000,000 MONK tokens. Nearly all of them-999,734,707-are already in circulation. No more will be created. This means inflation isn’t a concern, but it also means there’s no reserve to stabilize the price or fund future development.
Why is MONK’s price so different on different websites?
Because MONK trades on multiple decentralized exchanges with very thin order books. Each platform shows a slightly different price based on the last trade. Some sites use averages; others use live data. With so little trading activity, even a single $500 trade can skew the price. Don’t trust any single price-check multiple sources and expect volatility.
Is MONK still being developed?
No. There have been no updates, no announcements, no team disclosures, and no technical improvements since its launch in 2023. No GitHub repository. No blog. No social media activity beyond occasional memes. The project is effectively dead. The only thing moving is the price-and even that’s mostly due to random trading, not development.
What Should You Do Instead?
If you’re drawn to meme coins because they’re fun, fast, and chaotic-fine. But pick one with real momentum. Dogwifhat (WIF) has a community, partnerships, and a track record. Bonk (BONK) is used in apps and has real utility. Even newer ones like Catizen or Notcoin have active teams and roadmaps.
MONK is the last place you should look. It’s not the next big thing. It’s the last gasp of a trend that’s already over.