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The price of Bonk (BONK) spiked over 13% after news circulated about a potential partnership with European fintech giant Revolut. Bonk DAO, the decentralized autonomous organization behind the memecoin, allegedly proposed launching BONK on Revolut’s crypto trading platform through a “Learn and Earn” incentive campaign to onboard 500,000 new users.
On February 15th, unconfirmed reports emerged that Bonk DAO submitted a proposal to launch BONK on Revolut. The rumored campaign would reward Revolut’s 38 million users for learning about Bonk, with a total reward pool of $1.2 million up for grabs.
The unverified listing rumor triggered a wave of FOMO, immediately causing Bonk’s price to spike by 13.26%. The memecoin hit highs of $0.000025 before settling around $0.00001412.
BONK 24 hrs price chart, Source: CoinMarketCap
8 out of 12 Bonk DAO voters have already expressed support, suggesting an official announcement may be imminent.
The Revolut listing would represent Bonk’s largest mainstream adoption push if approved. The proposed “Learn and Earn” incentives could exponentially expand Bonk’s user base by half a million users overnight.
Revolut’s massive reach across Europe makes targeted user acquisition achievable. The fintech startup operates in 50 countries and has over 38 million monthly active users. The NFT-styled rewards offer an easy way to educate and convert millions of customers to Bonk simultaneously.
Rumors of Bonk’s potential listing on Robinhood are circulating, generating excitement among traders. If listed, Bonk could gain exposure to Robinhood’s extensive user base. However, Robinhood has not confirmed the rumors, leaving uncertainty despite community enthusiasm boosting Bonk’s value.
Nonetheless, Bonk now seems poised for massive growth, whether the rumors materialize. The memecoin established itself as a top Solana token amidst the recent resurgence, despite falling 60% from its all-time high. As the crypto market faces another bull run, listings on mainstream platforms like Revolut or Robinhood could make Bonk’s price go parabolic.
Also read: Bonk, the Solana MemeCoin, Now Available on Coinbase
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