Bonk, a memecoin based on the Solana blockchain, experienced a 7% surge in price following the announcement that it may soon be listed on Revolut’s trading platform. This news comes as part of a proposed partnership between the European fintech firm and BonkDAO, the decentralized autonomous organization behind Bonk. The aim of this partnership is to launch a “Learn and Earn Campaign” that will attract an additional 500,000 users to the memecoin.
Revolut, which currently boasts 38 million users and operates with a banking license in over 50 countries, presents a significant opportunity for Bonk. In fact, capturing just 1.3% of Revolut’s user base would allow Bonk to reach its goal. To incentivize participation in the Learn and Earn campaign, Revolut users will have the chance to compete for $1.2 million in rewards.
Following this announcement, the price of BONK rose to $0.000025, marking a 7.2% increase over the past five hours and a 13.1% increase over the past 24 hours, as reported by CoinGecko. While BONK experienced a significant price surge of 14,000% in late 2023, reaching $0.000025, it has since fallen by 60% from its all-time high. Nevertheless, it remains one of the most popular memecoins in terms of trading volume.
Although the Learn and Earn campaign is still awaiting official approval from BonkDAO, seven out of twelve voting members have already voted in favor of it. Just one more vote is needed to reach the approval quorum, and no one has voted against it. The remaining five voters have four days to cast their votes.
If the campaign is approved, it will be executed in two phases. The first phase will involve the launch of BONK on Revolut, focusing on organic growth for the initial one to two months. After that, the Learn and Earn campaign will commence.
In addition to the potential listing on Revolut, rumors have surfaced regarding BONK’s future listing on Robinhood. However, neither party has confirmed these rumors publicly. Cointelegraph has reached out to Robinhood for further information.
For comments on this matter, Cointelegraph contacted members of the Bonk community but did not receive an immediate response.