- Solana’s BONK inks 13% daily gains amid Revolut’s plans to list BONK.
- Binance & Coinbase listed BONK in late 2023, sparking a triple-digit run.
- The rumored Revolut listing proposal has officially reached the quorum.
Bonk (BONK) picked up 13% gains immediately after rumors surfaced that Solana’s popular dog-themed memecoin will be listed on Revolut. The fintech giant is slated to open BONK trading to its over 38 million registered customers.
Indeed, BONK has embarked on a marvelous journey with the help of centralized exchanges (CEXs), as the coin whipped up 4,424% profits in its early 2023 run but later fell to a $7 million market capitalization.
However, BONK kicked in the doors of the global market capitalization rank in December 2023, as the second leg proved much stronger than the first. BONK reached its all-time high of $0.00003416 on December 15, and has since been one of the most talked about altcoins on social media.
The benefits from BONK’s adoption are clear: the mass appeal of BONK heavily contributed towards reviving Solana (SOL), which claimed a best-performing altcoin status by the end of 2023. Beyond that, memecoin traders have participated in the surging BONK trading activity in both Spot and Derivatives markets.
Sponsored
Binance, Coinbase, and Bybit take up around 60% of BONK’s CeFi trading, claiming over $100 million in trading volume over the last 24-hour period. Derivatives trading has soared by 43% over the same timeframe, garnering $40 million in trading volume. Claiming 35% weekly gains, BONK is now exchanging hands at $0.0000139.
$1.2M BONK to Be Distributed in Learning Campaign
A proposal to list BONK on Revolut has been officially passed, with eight of twelve BONK Treasury Council members approving the campaign thus far.
Sponsored
The $1.2M BONK Learn and Earn campaign is set to distribute 93 billion BONK tokens to Revolut users who embark on educational activities. According to the proposal, there will be phases of BONK’s arrival on Revolut: firstly, the dog-themed memecoin will launch with organic growth.
Approximately two months later, the Learn and Earn campaign will have blockchain disciples sharing $1.2 million in BONK—the proposal on Realms.Today also states that all required legal work has been completed, therefore the only obstacle has been cleared via voting.
On The Flipside
- Despite the proposal being officially passed on to Realms.Today’s platform, Revolut’s representatives, have yet to confirm with DailyCoin about listing Solana’s memecoin BONK on the mainstream cryptocurrency trading venue.
Why This Matters
Revolut is arguably the largest pro-crypto bank in Europe, which serves 38 million customers. On the other hand, BONK’s developer team expects to boost BONK’s community by 500K newly onboarded crypto enthusiasts.
Read DailyCoin’s latest cryptocurrency news:
Binance Labs Unveils First Batch of S6 Incubation Projects
Nomura’s Komainu CEO Steps Down with ‘Immediate Effect’
