Elizaveta Gyrdymova was born on 1 June 1998 in Yekaterinburg. From childhood, Gyrdymova enjoyed writing poetry and published her work on the site Stihi.ru as a teenager.
In 2014, she entered tenth grade at the Specialized Educational and Scientific Center of the Ural Federal University. In 2016, she enrolled in correspondence courses in film production at the Gerasimov Institute of Cinematography in Moscow. She chose the school because of her love of classic cinema.
Since September 2016, Gyrdymova has continued her studies, and her first internship was at the ETV channel in her native Yekaterinburg, where she released joint projects with the poet Alexandra Aksyonova.[4] She then worked for some time as a producer at ETV.
In May 2022, it became known that the singer left Russia for Lithuania.
In January 2023, the Russian Ministry of Justice included Gyrdymova in the list of foreign agents.
At the end of 2015, Gyrdymova uploaded her first album, Psychedelic Cloud-Rap (Russian: «Психоделический клауд рэп», romanized: Psihodeličeskij klaud rèp), to the social network VKontakte under the pseudonym Monetochka. She recorded the songs at home on a synthesizer. Soon after, she began uploading videos of her live performances to YouTube.
On 22 January 2016, she officially released Psychedelic Cloud Rap. The album was posted in one of the popular social network communities and quickly went viral. By the end of February, she had over 20,000 followers on her VKontakte page and received offers to give concerts and interviews.
In January 2017, Monetochka released the video for the song "Ushla k realistu" (Russian: «Ушла к реалисту»). On 1 June 2017 the video for the song "Childfree" (Russian: «Чайлдфри»), recorded with Noize MC, was released. The song and video became the subject of a scandal. The Moscow lawyer Sergei Afanasyev wrote to the prosecutor's office to check "Childfree" for legal violations, claiming that the lyrics promoted teen suicide.
In 2017, Monetochka began to collaborate with the alternative R&B musician and producer Viktor "BTsKh" Isaev. Their first collaboration, the single "Poslednyaya diskoteka" (Russian: «Последняя дискотека», lit. 'The Last Disco'), was released on 31 October 2017.
On 25 May 2018, Monetochka released her first studio album, Coloring for Adults (Russian: «Раскраски для взрослых», romanized: Raskraski dlâ vzroslyh), produced by Isaev. According to the press release, Coloring for Adults marked a new sound for Monetochka, "containing musical references to the 1980s and 1990s, contemporary club music, music from cartoons, and even folklore." The album contains multiple references to the late Soviet rock musician Viktor Tsoi, including a musical quote from the Kino song "Khochu peremen!" (Russian: «Хочу перемен!», lit. 'I Want Change!') and lyrics mentioning a "weary Tsoi".
On 28 May 2018, Monetochka performed the song "Kazhdyi raz" (Russian: «Каждый раз», lit. 'Every Time') on the late-night talk show Evening Urgant. In his introduction, the host, Ivan Urgant, said that some critics considered Monetochka's new album "one of the major Russian-language albums of this year." On 1 June 2018, a concert presentation of the new album took place in Moscow.
On 2 October 2020, Monetochka released the studio album Arts and Crafts (Russian: «Декоративно-прикладное искусство», romanized: Dekorativno-prikladnoe iskusstvo).
In 2022, Monetochka toured with Noize MC, raising over €200,000 for a Polish charity that helped refugees resulting from the Russian invasion of Ukraine.