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Memecoin Rising: Potential Listing on Revolut Sparks the BONK Rally

BONK price goes bullish as the expectations around Revolut partnership grow 

BONK, a Solana-based memecoin, experienced a 7% spike in value following the announcement of a potential partnership with European fintech giant, Revolut. This proposed collaboration, centered around a "Learn and Earn Campaign," aims to significantly bolster Bonk’s user base by an ambitious half a million users. However, it's important to note that this initiative is still pending approval.

Under the terms of the proposed partnership, Revolut plans to introduce its 38 million users to Bonk through an educational campaign designed to both inform and expand the memecoin's community. 

"Revolut currently has 38 million users and operates a banking license in more than 50 countries," 

BonkDAO, the decentralized autonomous organization behind BONK, highlighted in a note dated February 14. The fintech firm's extensive reach means that capturing just 1.3% of Revolut's user base would suffice to meet their target expansion.

Participants in the Revolut campaign could be incentivized with rewards totaling $1.2 million, creating a substantial lure for engagement. Following the announcement, BONK's price ascended to $0.000025, marking a 7.2% increase over five hours and a 13.1% surge over 24 hours, as reported by CoinGecko. This uptick is a testament to the growing intrigue and optimism surrounding the memecoin, which had previously captured the crypto community's attention with a staggering 14,000% price leap to $0.000025 in late 2023.

Despite a 60% retreat from its peak, BONK remains a hot topic among traders, solidifying its position as a leading memecoin by trading volume. The final nod for the Learn and Earn campaign rests with BonkDAO, which, at the time of writing, has seen seven out of 12 voting members in favor, just one shy of the approval quorum needed.

Campaign details and market impact

If greenlit, the campaign will unfold in two phases aimed at nurturing organic growth and heightened engagement. Initially, BONK's introduction on Revolut will focus on organic growth, setting the stage for the subsequent launch of the Learn and Earn campaign. 

Amidst these developments, rumors of BONK's potential listing on Robinhood further stoke the flames of excitement, despite the absence of official confirmation from either party. This speculation adds another layer of anticipation and potential growth for BONK.

Jecy | AllDomains (@Jecy024):

 

“Babe wake up! We’re all bullposting Bonk on the Revolut news and Robinhood rumors!

My heart is so full

Best Valentines ever”