15% Increase in Solana’s Meme Coin “Bonk” During Speculation About Revolut Listing
By Brylle Uytiepo • February 15, 2024
15% Increase in Solana’s Meme Coin “Bonk” During Speculation About Revolut Listing
The Solana-based meme coin “Bonk” has reportedly seen a 15% increase in value in the previous day because of reports that financial technology firm Revolut plans to include it on its trading platform. Coingecko was the source of this information.
The well-known neobank Revolut is thinking of integrating the Bonk meme currency into its trading platform, a move that caused the coin’s value to rise by 15%. With the IPO, Bonk may experience a major milestone and gain more exposure among Revolut’s 38 million users in 50 countries.
$1.2 Million User Education Campaign
With a $1.2 million “learn” campaign planned, the meme coin hopes to raise awareness and comprehension of Bonk. By giving away up to 93 billion Bonk tokens to people, this project hopes to grow its user base and strengthen its place in the cryptocurrency market.
The beginning of Bonk’s current success was a 45% increase following its December 14 listing on Coinbase. This action helped Bonk surpass Dogecoin and Shiba Inu to become the third-largest meme coin on the network.
BonkDAO’s Aspiring Idea
According to The Defiant, the decentralized autonomous organization (DAO) in charge of Bonk has suggested introducing the token on a new trading platform with the goal of onboarding 500,000 new users through a “Learn and Earn” campaign.
Although there has been a lot of enthusiasm over Bonk’s potential listing on Revolut, a Revolut representative was not available for comment at the time of publication. The unpredictability gives the possible partnership a sense of excitement.
Knowing Bonk: The Coin of Solana Dog
By airdropping half of its entire supply to the Solana community, Bonk sets itself apart as the first Solana dog coin. The most traded pair, BONK/USDT, had a trading volume of $1,773,775 over the past 24 hours, and is traded on a number of platforms, with MEXC being a popular option.
While Bonk is having difficulty keeping up with the overall cryptocurrency market, there are rumors that some of its holders are looking into new options, such as Meme Kombat (MK), a possible rival that promises big profits.
Bitcoin Surges to $52,000 in a Bull Market
Regarding the whole market, Bitcoin has risen above $52,000, signaling the start of a bull market and crossing the $1 trillion market capitalization threshold. The recent approval of spot Bitcoin ETFs and the build-up to the anticipated April halving event are two factors driving this increase.
With the market’s fluctuations and listing announcements driving Bonk’s volatility, the cryptocurrency community is watching events around its possible Revolut listing with great interest and is looking into other meme coin choices.