In a bowl, combine the flour, baking powder, sugar, salt, and shredded coconut.
In another bowl, whisk the egg, then add the coconut milk and melted butter.
Pour the wet ingredients into the dry ingredients and stir until just combined. Do not overmix.
Let the batter rest for 10-15 minutes to allow the ingredients to meld and the batter to thicken slightly.
Heat a lightly oiled griddle or frying pan over medium heat.
Pour small dollops of batter (about 3 inches in diameter) onto the hot griddle. Cook for 1-2 minutes, until bubbles appear on the surface.
Flip the pancakes and cook for another minute, or until golden brown.
Remove from the pan and repeat with the remaining batter.
Serve warm with honey or maple syrup, and a sprinkle of extra shredded coconut.
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