Solana-based memecoin Bonk’s (BONK) experienced a notable 7% spike shortly after reports emerged suggesting its potential listing on Revolut’s trading platform.
According to BonkDAO, the decentralized autonomous organization behind Bonk, a proposed partnership with the European fintech firm could see the launch of a Bonk “Learn and Earn Campaign,” aimed at expanding the memecoin’s user base by 500,000.
With Revolut boasting a user base of 38 million and operating across more than 50 countries, capturing just 1.3% of its users could fulfill BonkDAO’s ambitious goal.
Revolut users are expected to be incentivized to participate in the campaign, with rewards totaling $1.2 million.
Following the news, BONK’s price surged to $0.000025, marking a 7.2% increase over five hours and a 13.1% rise over 24 hours, according to CoinGecko.
BONK gained significant attention in late 2023 when its price skyrocketed by 14,000% to $0.000025. Despite a subsequent 60% decline from its all-time high, it remains one of the most popular memecoins by trading volume.
The campaign’s official approval from BonkDAO is pending, with seven out of 12 voting members already in favor. Only one more vote is needed to reach an approval quorum, with the remaining five voters having four days to cast their votes.
If greenlit, the campaign will run in two phases: the initial phase will focus on Bonk’s launch on Revolut for organic growth, followed by the full launch of the Learn and Earn campaign.
Amidst speculations about potential listing on Robinhood, Cointelegraph reached out to both Robinhood and members of the Bonk community for comment, but no immediate response was received.
Get $200 Free Bitcoins every hour! No Deposit No Credit Card required. Sign Up