Unconfirmed news about a potential partnership with fintech firm Revolut and commission-free brokerage app Robinhood has caused the price of Solana-based memecoin BONK to surge.
BONK listing on Revolut: rumor or reality?
After recording up to a Price increase of 32% Last week, BONK saw an additional surge overnight, pushing the price to a multi-week high. This came after rumors of the memecoin being listed on Revolut and Robinhood began circulating the internet. Rumor has it that the fintech giant will make BONK available to its 38 million registered customers worldwide.
Additionally, a “Learn and Earn” campaign is being proposed, which could increase BONK’s user base. Approximately $1.2 million has been released for the campaign. If successful, it could add up to 500,000 users to the BONK ecosystem, though the program still requires approval from BONKDAO, the decentralized autonomous organization behind the memecoin.
This means that BONK will only need about 1.3% of Revolut’s user base to reach its goal. In the meantime, no official announcement has been made to corroborate the rumors of Revolut’s listing and partnership.
BONK and the influence of Solana
BONK has become one of the most talked about memecoins since 2023 when it made its major debut. Its association with centralized exchanges has greatly contributed to the level of growth the ecosystem has seen in a short period of time. In 2023 alone, BONK climbed as high as 4,424% before correcting course.
By using BONK as an incentive for Solana Saga The increase in user numbers has been one of the highlights of the memecoin over the past year. This incentivized utility has further boosted its adoption towards the end of 2023.
The popular dog-themed memecoin hit its all-time high of $0.00003416 on December 15, but is currently trading at $0.00001379 with a 5.29% increase in the last 24 hours. So far, trading of the BONK memecoin is available on Binance, Coinbase, and even Bybit, highlighting the fact that it is backed by major trading platforms and its debut on Robinhood will be a further boost.
It is worth noting that the adoption of BONK by these non-native cryptocurrency exchanges would be a game-changer for the vast Solana ecosystem. This would help SOL rebirth which had previously claimed to be the best performing altcoin by the end of 2023. Remarkably, SOL is doing well in the market as it looks set to return to its previous heights.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about the real-world applications of blockchain technology and innovations aimed at fostering the mainstream acceptance and global integration of this emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain-based media outlets and sites. Benjamin Godfrey is passionate about sports and agriculture. Follow him on Twitter, Linkedin
Disclaimer: The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication does not assume any responsibility for your personal financial losses.
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