BONK Price Soars 15% Amid Speculation of Revolut Listing: Is the Memecoin Rally Starting?
Revolut, a prominent European fintech company, is currently exploring the possibility of listing Bonk, a meme coin that operates on the Solana blockchain. This potential move is significant for Bonk as it signifies a crucial step towards widespread acceptance and is part of the ambitious Learn and Earn $1.2 Million campaign.
The Learn and Earn campaign, initiated by Bonk DAO, aims to distribute a staggering 93 billion BONK tokens to participants, with the primary objective of increasing Bonk’s user base by an impressive 500,000 users. The collaboration with Revolut, which boasts a user base of 38 million, promises substantial benefits.
The Learn and Earn campaign will unfold in two phases of user acquisition. The initial growth phase will involve the organic growth of the BONK token for a period of 1-2 months. This will be followed by the targeted engagement phase, where a Learn and Earn campaign will actively involve new users and enhance their understanding of the Bonk cryptocurrency.
The proposal for the Learn and Earn campaign and the potential listing of Bonk on Revolut underwent careful scrutiny within the Bonk DAO community. The results were unanimously positive, with all eight voters casting a resounding “YES” vote, solidifying the approval for the campaign and the potential listing.
Revolut is currently in the early stages of considering the listing of Bonk, a meme coin that thrives on the Solana blockchain. This potential listing on Revolut, which operates in over 50 countries and has 38 million users, holds tremendous promise for propelling BONK into mainstream adoption.
Speculations about a potential airdrop for Revolut traders if the Bonk listing proposal is approved have also added to the excitement. With Bonk DAO holding over $158 million worth of tokens, an airdrop could greatly enhance Bonk’s popularity and establish its position in the cryptocurrency market.
Following the news of Revolut’s consideration, Bonk experienced a significant 15% surge in just 24 hours. Trading volumes also soared to $121.5 million, indicating a heightened interest among traders. Technical indicators, such as a bullish relative strength index (RSI) at 57.34, further support the positive momentum.
Despite an 8% increase recently, Bonk’s price remains 60% below its all-time high, highlighting the dynamic nature of its performance.
Bonk gained substantial attention during the Solana meme coin frenzy in December 2023, witnessing an astounding 19,000% surge in just six weeks. Its listing on Coinbase propelled it to become the 12th largest debut, with $238 million in trading volume.
Revolut’s contemplation of listing Bonk, combined with the ambitious Learn and Earn campaign, marks a significant milestone in the meme coin’s journey towards mainstream adoption. As the crypto community eagerly awaits a potential breakthrough, the question remains: Can BONK finally leave its mark on the mainstream stage?