The world of meme tokens is constantly evolving, with new projects emerging daily across various blockchain networks. Among them, the XOXO token on the BNB Chain (formerly Binance Smart Chain) has captured attention. It's crucial to note that while its symbol is "XOXO," this specific token is widely identified as "XOXO Monkey" and is distinct from other projects using the same symbol, such as the XO Protocol on other chains or various XOXO-named tokens on BSC like xoxo.finance. This deep dive focuses exclusively on the XOXO Monkey token, identified by the contract address 0x00f71afe867b2dbd2ad4ba14fd139bc6bc659ccd on the BNB Smart Chain (BSC).

Understanding XOXO Monkey: Identity and Purpose

XOXO Monkey is primarily identified as a community-driven meme token on the BNB Chain. Its full project name, "XOXO Monkey," distinguishes it on blockchain analytics platforms such as ApeSpace. Like many meme coins, its appeal often lies in its viral potential and community engagement rather than complex utility. A key feature that stands out for XOXO Monkey is its unique tax structure: a 0% buy tax and a 0% sell tax. This zero-tax policy is designed to encourage trading activity by eliminating transaction costs, which can be particularly attractive to high-frequency traders.

Despite these characteristics, comprehensive project details, such as an official website, whitepaper, or detailed roadmap, are not readily available for this specific XOXO token. This suggests it might be a newer, smaller, or less formally documented project within the vast BNB Chain ecosystem.

Key Metrics and Market Snapshot

As of recent data, XOXO Monkey presents the following metrics:

• Current Price (USD): Approximately $0.0011
• 24-hour Trading Volume: Around $11,801.57
• Market Capitalization: Approximately $1.06 Million
• Total Holders: 245
• Liquidity (XOXO / WBNB Pool): Approximately $27,064.53
• Taxes: 0% Buy Tax, 0% Sell Tax

These figures indicate that XOXO Monkey is a relatively low-cap token with a modest number of holders, typical of newer entrants in the meme coin space. Its trading activity and liquidity reflect its current position as a smaller player. While some reports might state a lack of available price or liquidity data, specific analytics platforms do provide these live metrics for the identified contract address.

Security and Contract Assessment

When evaluating any token, especially in the meme coin sector, security is paramount. For XOXO Monkey:

• Contract Verified: The token's contract is verified on BscScan, meaning its source code is publicly viewable, enhancing transparency.
• Honeypot Risk: Checks indicate a low honeypot risk, which is a positive sign as it suggests users are unlikely to be prevented from selling their tokens.
• Ownership Renounced: The status of ownership renouncement is currently unknown. This is a factor to consider, as renounced ownership generally implies greater decentralization and reduces the risk of malicious contract changes by the original deployer.
• Audits: There is no record of a formal third-party security audit report submitted on BscScan. While the contract is verified and the honeypot risk is low, the absence of a comprehensive audit means that potential vulnerabilities might go undetected.

For blockchain practitioners and potential traders, it's crucial to perform due diligence. While the 0% tax structure and low honeypot risk are appealing, the lack of a formal audit and unknown ownership status necessitate caution.

Ecosystem Relevance and Outlook for Meme Insider

From the perspective of Meme Insider, XOXO Monkey exemplifies the dynamic nature of the BNB Chain's meme token landscape. Its 0% tax model could attract traders seeking to capitalize on volatility without incurring significant transaction fees. The low honeypot risk is a crucial indicator of basic safety, setting it apart from more overtly malicious tokens sometimes found in this niche.

However, the token's relatively small market cap, limited holder count, and the lack of a detailed project ecosystem (like an official website or roadmap) suggest it is still in its nascent stages or designed purely as a community-driven, speculative asset. Its long-term viability will depend on sustained community interest, potential further development, and its ability to distinguish itself in a crowded market. As always, Meme Insider emphasizes the importance of understanding these core contract features and market dynamics when evaluating such tokens.

For those interested in exploring tokens like XOXO Monkey and navigating the fast-paced meme token market, platforms such as GMGN.AI offer advanced tools. GMGN.AI specializes in tracking, analyzing, and trading meme tokens across various blockchains including Ethereum, Solana, Tron, Base, and Blast. Key features include smart money tracking to follow top investor activities, automated trading to replicate successful strategies (which can be linked via Telegram), and built-in security checks to identify risks like honeypots or high transaction taxes. The platform charges a flat 1% transaction fee without requiring subscription services. For a detailed look at XOXO's performance and trading options, GMGN.AI provides a dedicated page at https://gmgn.ai/bsc/token/fV1R5sZ5_0x00f71afe867b2dbd2ad4ba14fd139bc6bc659ccd. Using such analytical tools can provide real-time insights and aid in risk management for navigating the volatile meme token market effectively.