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Why Solana Monkey Business GEN2 NFTs Are Undervalued According to MonkeDAO Co-Founder

Why Solana Monkey Business GEN2 NFTs Are Undervalued According to MonkeDAO Co-Founder

In the fast-paced world of blockchain and NFTs, spotting undervalued assets can feel like finding hidden treasure. Recently, Jemmyjemm, co-founder of MonkeDAO, sparked a conversation on X (formerly Twitter) about just that. In his post, he called out the Solana Monkey Business (SMB) GEN2 NFTs as "incredibly undervalued," emphasizing their status as original gangsters (OGs) in the Solana universe.

For those new to the scene, Solana Monkey Business is one of the pioneering NFT projects on the Solana blockchain. Launched back in 2021, it features a collection of pixelated monkey avatars that have become iconic in the crypto community. The GEN2 series, specifically, consists of around 5,000 unique digital collectibles—randomly generated 24x24 pixel monkes that are not just cute but carry real historical weight. Think of them as digital artifacts from Solana's early days, much like early Bitcoin memorabilia.

Jemmyjemm's take? These aren't just pretty pictures. They're tied to MonkeDAO, a decentralized autonomous organization (DAO) that provides real value to holders through community events, governance, and exclusive access. MonkeDAO even made headlines in August 2025 by acquiring the full intellectual property (IP) rights to SMB for a cool $2 million, solidifying its commitment to the project's future.

But here's the kicker: with Solana eyeing massive user growth—potentially up to 1 billion users—having one of these limited-edition GEN2s could be like owning a piece of internet history. "Everyone on Solana needs a Monke," Jemmyjemm quipped, painting a picture of scarcity in a booming ecosystem. Only 5,000 exist, and as more people flock to Solana for its speed and low fees, demand for these OGs could skyrocket.

Current Market Snapshot

To put this in perspective, the floor price for SMB GEN2 NFTs is hovering around 15-17 SOL (roughly $3,500-$4,000 USD, depending on SOL's price fluctuations). That's a far cry from their peak values during the 2021-2022 bull run, but it also screams opportunity for those who believe in Solana's long-term dominance. Sites like Magic Eden and Tensor are great places to check live listings and dive deeper.

Why the Undervaluation?

Several factors play into this perceived undervaluation:

  • Historical Significance: SMB GEN2s are among the first major NFT drops on Solana, predating many of today's hype projects. They're like the CryptoPunks of Solana—timeless and foundational.
  • Community Power: Holding a GEN2 grants access to MonkeDAO's vibrant community, including Discord channels, IRL events, and collaborative ventures. It's not just an NFT; it's a membership to a "Monke cabal," as one reply humorously put it.
  • Scarcity in Growth: Solana's ecosystem is exploding with meme coins, DeFi apps, and more. As adoption grows, these limited collectibles could become status symbols for true Solana natives.
  • Meme Appeal: Let's face it, monkeys are inherently memey. In a world where dog-themed tokens dominate headlines, these pixelated primates tap into the fun, viral side of crypto culture.

The replies to Jemmyjemm's post echo a mix of agreement and banter. One user compared them to "Faberge eggs" for their rarity, while another joked about needing Monkes for every team member on Solana. It's clear the community sees the potential, even if the broader market hasn't caught up yet.

Looking Ahead

If Solana hits that 1 billion user milestone, SMB GEN2s could evolve from underrated gems to must-haves. For meme token enthusiasts and blockchain practitioners, this is a reminder to look beyond the hype and invest in projects with real roots. Whether you're a seasoned trader or just dipping your toes into Solana, keeping an eye on Solana Monkey Business might pay off big time.

As always, do your own research—this isn't financial advice, just insights from the trenches of the meme and NFT world. What's your take on SMB GEN2? Drop a comment or join the conversation on X!

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