European fintech Revolut has listed Solana-based memecoin Bonk, leading to a 13% price surge. Revolut plans to launch a $1.2 million “Learn and Earn” campaign to educate users about cryptocurrencies, with the aim of expanding BONK’s user base by 500,000. The coin's favorable price trend has attracted broader adoption, with rumors of a potential listing on Robinhood circulating.
Our analysis of the situation
In a delightful turn of events on February 14, Revolut, the European banking fintech giant, cheered the market as it declared the listing of the Solana-based memecoin, Bonk. What's more, this pioneering move comes hand-in-hand with a jaw-dropping campaign, setting its sights on educating users and plunging headfirst into the world of cryptocurrency.
Revolut's bold "Learn and Earn" initiative aims to turbocharge BONK's user base with a mind-boggling 500,000 new members. The decentralized autonomous organization, BonkDAO, behind the Bonk project, couldn't contain their excitement, magnifying on the expanse of Revolut's user base, which spans a whopping 38 million users across over 50 countries. All it would take is capturing a mere 1.3% chunk of Revolut's customers to fulfill BonkDAO's target of expanding its user base.
On the cards is a "learn” campaign plan that currently awaits the nod from BONK’s governing council, steering the project's treasury of BONK tokens, valued at an impressive $100 million. As we go to press, reports indicate a favorable outcome, with the BONK governing council voting in favor and the proposal standing as “passed”.
Ready to unfold across two phases, Revolut's "Learn and Earn" campaign gears up for BONK's grand entrance onto the platform in a bid to fuel organic growth. But that's not all - phase two promises to introduce the "Learn and Earn" initiative to elevate user engagement and comprehension of this meme sensation.
Not one to be outshone, the news of Revolut knotting its fate with the BONK token caused quite the stir, propelling the Solana-based memecoin to a remarkable rally. BONK’s price trajectory only seems to be heading north, hitting $0.00001425, sporting a 7% surge in the last five hours and a striking 12.6% uptick over the past 24 hours, as per the latest data from CoinMarketCap.
This next listing marks a momentous step in BONK’s odyssey towards broader adoption within the cryptocurrency trading stratosphere. Since its meteoric rise in late 2023, where its price catapulted by a staggering 19,000% since November 1st, BONK has landed itself on the illustrious rosters of major platforms such as Coinbase and Binance.
Originating from the fertile minds of Solana blockchain enthusiasts following FTX’s collapse in November 2022, BONK emerged as Solana's emblematic meme coin, also doubling up as an incentive mechanism for various applications on the platform.
Revolut’s groundbreaking move to shower its users with BONK tokens as they dive into learning about the token through the app only serves to bolster BONK’s reach and allure.
Adding to the intrigue, whispers about the potential listing of BONK on Robinhood have started to find their way across the market grapevine. If such a development materializes, it will undoubtedly propel the memecoin further into the limelight, cementing its status among mainstream crypto traders.
In a Nutshell
BONK and Revolut’s cosmic collision promises to chart new horizons as the memecoin sets its sights on mainstream recognition. With tendrils snaking into the far reaches of the cryptocurrency universe, the future looks bright for this captivating Solana-based meme sensation.
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
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