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Solana’s meme token Bonk experiences 13% increase in value amid speculation of Revolut listing

Bonk (BONK), a meme coin built on the Solana blockchain, has experienced a significant surge in its price recently, with a 13% increase following reports of an upcoming listing on Revolut’s trading platform.

Revolut, a prominent European fintech company, is currently in talks with Bonk about a potential partnership that includes a “Learn and Earn Campaign.” The initiative, unveiled by BonkDAO on February 14, aims to attract an additional 500,000 users to the meme coin.

BonkDAO, the decentralized autonomous organization behind the Bonk project, recognizes the potential of partnering with Revolut, given its extensive user base of 38 million people spread across more than 50 countries. By tapping into just 1.3% of Revolut’s user base, BonkDAO could achieve its ambitious goal of expanding its own user base.

The “Learn and Earn Campaign” is designed to incentivize Revolut users by offering rewards totaling $1.2 million. This news has had a positive impact on the price of BONK, which has climbed to $0.00001425, showing a 7% increase in the last five hours and a 12.6% rise over the past 24 hours, according to CoinMarketCap data.

Furthermore, the governance council of Bonk, responsible for managing a treasury exceeding $100 million in BONK tokens, has officially approved the “learn” campaign. With a majority vote in favor of the initiative, the campaign has met the necessary quorum requirement without any opposing votes.

The campaign will unfold in two phases, with the initial focus on BONK’s launch on Revolut to stimulate organic growth. Subsequently, the Learn and Earn initiative will be rolled out to further engage users and educate them about the meme coin.

Amidst the recent developments, there are rumors circulating about the potential listing of BONK on Robinhood, a well-known crypto trading platform.

This speculation adds to the momentum that BONK has gained, especially after experiencing a 19,000% price surge since November 1, 2023. The token’s journey has been remarkable, with listings on major exchanges like Coinbase and Binance, showcasing its growing popularity in the cryptocurrency market.

Originally created by Solana enthusiasts after FTX’s collapse in November 2022, BONK aims to inject positivity into the Solana ecosystem. It has quickly garnered attention within Solana’s community, serving as an incentive for various applications built on the blockchain.

Moreover, the latest development with Bonk coincides with Bitcoin’s surge past the $52,000 mark, pushing its market capitalization beyond $1 trillion. This growth can be attributed to the approval of spot Bitcoin ETFs and the anticipation surrounding Bitcoin’s upcoming halving event in April, signaling a bullish period for the cryptocurrency market.

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