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Solana’s Meme Coin ‘Bonk’ Spikes 15% On Revolut Listing Report

Financial technology startup and neobank, Revolut, is reportedly planning to add the Solana-based meme coin “Bonk” to its trading platform, as per a report from CoinDesk, citing a source familiar with the situation.

Following this development, the value of Bonk surged, experiencing a 15% increase in trading activity over the past 24 hours, according to data from Coingecko.

In a bid to promote awareness and adoption, Bonk intends to launch a $1.2 million campaign designed to educate users about the cryptocurrency. This “learn” campaign aims to distribute up to 93 billion Bonk tokens among users, as outlined in the report.

At the time of reporting, Revolut’s spokesperson was not available to provide a comment on the speculation surrounding the potential listing of the Bonk meme coin on its trading platform.

Bonk Surged 45% after Coinbase Listing

On December 14, Bonk experienced a remarkable surge of over 45% within a 24-hour period subsequent to the announcement of its listing on the renowned exchange Coinbase. This move positioned Bonk as the third-largest meme coin, trailing behind only Dogecoin and Shiba Inu, to be available on the platform.

The decentralized autonomous organization (DAO) responsible for Bonk has put forth a proposal to introduce the token on a trading platform. According to reports from The Defiant, the proposal aims to attract 500,000 new BONK users through a Learn and Earn campaign.

“Bonk will soon debut on one of Europe’s major fintech platforms, boasting over 38 million users and operating under a banking license across more than 50 countries. The primary focus of the campaign is to bring onboard 500,000 fresh BONK users, significantly bolstering the active holder base through a Learn and Earn Campaign.” — Extract from the BonkDAO proposal.

As of now, it remains uncertain whether the meme coin will indeed be listed on the European fintech platform Revolut.

What is the Bonk token?

Bonk stands out as the inaugural Solana dog coin created for and by the community, with an impressive 50% of the total supply distributed via airdrops to the Solana community. These tokens are tradable on centralized cryptocurrency exchanges. The most favored exchange for purchasing and trading Bonk is MEXC, where the BONK/USDT trading pair boasts a significant trading volume of $1,773,775 over the past 24 hours. Other prominent platforms for Bonk trading include Binance and Coinbase Exchange. Presently, Bonk holds a market capitalization of $862,173,747, securing its place at the 95th spot on CoinGecko’s rankings.

On Wednesday, Joel Frank, highlighted a trend: as Bonk struggles to keep pace with the broader cryptocurrency market’s rally, many Bonk holders are shifting their attention to a new meme coin called Meme Kombat (MK) in search of potential 100x returns.

Bitcoin Enters Bull Market

On Thursday, Bitcoin surged past the $52,000 threshold, catapulting its market capitalization beyond the monumental $1 trillion milestone. This remarkable ascent came on the heels of spot Bitcoin ETF approvals and in anticipation of the forthcoming halving event scheduled for April.

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I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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