Bonk Price Surges By 7% As Revolut Plans Listing

The Solana-based memecoin Bonk experienced a 7% price surge after news broke that Revolut would list it on its trading platform.

In the immediate aftermath of the announcement that the Solana-based memecoin Bonk would soon be listed on Revolut’s trading platform, the price of the Solana-based memecoin skyrocketed by 7%.

According to a note published on February 14 by BonkDAO, the decentralized autonomous organization responsible for Bonk, the European fintech company is planning to run a Bonk “Learn and Earn Campaign.”

The campaign’s goal is to increase memecoin’s user base by 500,000. According to BonkDAO, Revolut has 38 million users and runs a banking license in more than 50 countries. This indicates that to achieve its goal, it would only need to acquire 1.3% of Revolut’s users .

It has been reported that customers of Revolut will be offered an incentive to take part in the Learn and Earn initiative, which will provide a total of $1.2 million in incentives to those who engage.

Following the news, BONK price has increased to $0.000025 representing a 7.2% increase over the past five hours and a 13.1% increase over the past 24 hours, according to CoinGecko.

At the end of 2023, when the price of BONK surged by 14,000% to $0.000025, it became one of the most frequently discussed tokens. Although it has dropped by 60% from its all-time high, it continues to be one of the most popular meme coins in terms of trade volume.

We are still waiting for BonkDAO to provide their official clearance for the campaign. By the time this article was published, 7 out of the 12 members of the voting group had cast their votes in favor of the campaign.

There is just one more vote that is required to secure a quorum of approval. There has not been a single anti-campaign vote cast. The five individuals who are still eligible to vote have 4 days to cast their ballots.

If authorized, it will separate the Learn and Earn campaign into two “waves.” It will start on Revolut as part of the initial step to achieve “organic growth” over the first one to two months of operation. Immediately following that, the Learn and Earn campaign will get underway.

In the meantime, speculations are going around that it will soon be listed on Robinhood, however, neither side has publicly acknowledged this information.