In a potential game-changer for the journey of Solana’s meme coin, Bonk, European fintech giant Revolut is contemplating its listing. This move signifies a pivotal moment for the token’s shift towards mainstream adoption and is part of the broader Learn and Earn $1.2 Million campaign.
Read on to separate the hype from the potential and decide if BONK deserves a spot in your crypto portfolio.
The Ambitious Learn and Earn Campaign
The Bonk DAO’s Learn and Earn campaign plans to distribute a whopping 93 billion BONK tokens to participants, with the primary aim of boosting Bonk’s user base by an impressive 500,000 users. The strategic collaboration with Revolut, boasting 38 million users, promises widespread benefits.
Two-Phased User Acquisition
The Learn and Earn campaign unfolds in two distinct waves of user acquisition:
- Initial Growth Phase: Launching the BONK token with organic growth for 1-2 months.
- Targeted Engagement Phase: A Learn and Earn campaign focusing on actively involving new users and enhancing their understanding of the Bonk cryptocurrency.
Seal of Approval
The proposal underwent scrutiny within the Bonk DAO community, and the results were unanimously positive. All eight voters cast a resounding “YES” vote, solidifying unanimous approval for the Learn and Earn campaign and Bonk’s potential listing on Revolut.
Also Read: BONK Price Breakout Overcomes Correction, Eyes 40% Upside
Exciting Deliberations, Airdrop Speculations
Revolut is at the early stages of considering the listing of Bonk, a meme coin thriving on the Solana blockchain. This potential listing on Revolut, operational in over 50 countries with 38 million users, holds tremendous promise for catapulting BONK into mainstream adoption.
Adding to the fervor are speculations about a potential airdrop for Revolut traders if the Bonk listing proposal receives the green light. With Bonk DAO holding over $158 million worth of tokens, such an airdrop could significantly boost Bonk’s popularity and solidify its standing in the cryptocurrency market.
Bonk’s Surge and Trading Dynamics
Ranked 100 on Coingecko, Bonk experienced a substantial 15% surge within 24 hours of the news of Revolut’s consideration. Trading volumes soared to $121.5 million, showcasing heightened interest among traders. Technical indicators, including a bullish relative strength index (RSI) at 57.34, further support the positive momentum.
Despite a recent 8% increase, Bonk’s price remains 60% below its all-time high, showcasing the dynamic nature of its performance.
Read More: Which Memecoin Can Give You Atleast 10x Profits This Crypto Bull Run?
Looking Back
Bonk gained significant attention during the Solana meme coin frenzy in December 2023, witnessing a remarkable 19,000% surge in six weeks. Its listing on Coinbase propelled it to the 12th largest debut, boasting $238 million in trading volume.
Revolut’s contemplation of listing Bonk, coupled with the ambitious Learn and Earn campaign, marks a watershed moment for the meme coin’s journey towards mainstream adoption. As the crypto community eagerly anticipates a potential breakthrough, the question remains: Can BONK finally make its mark on the mainstream stage?