Solana-based memecoin Bonk (BONK) jumped 13% after news broke of a potential partnership with European fintech giant Revolut.
Solana-based memecoin Bonk (BONK) jumped 13% after news broke of a potential partnership with European fintech giant Revolut. The proposed deal involves a "Learn & Earn" campaign aimed at expanding Bonk's user base by half a million, according to BonkDAO, the decentralized autonomous organization behind the memecoin. The campaign could potentially see a $1.2 million reward pool.
Revolut's massive user base of 38 million across 50 countries makes the targeted growth of BONK’s user base seem achievable. The proposed campaign details haven't been officially approved by BonkDAO yet, though seven out of 12 voting members have already expressed support.
News of the potential Revolut partnership triggered a 13.26% surge over the past 24 hours for BONK, which is currently trading at $0.00001412. In late 2023, BONK experienced a remarkable rally, gaining over 10,000% amidst a resurgence in the Solana ecosystem. Despite establishing itself as the leading memecoin on Solana, BONK is down 60% from its highs.
Adding to the hype, rumors swirl around a potential listing on Robinhood, but neither party has officially confirmed this. Regardless, the Revolut partnership, if approved, represents a significant potential growth opportunity for Bonk, leveraging Revolut's reach and incentivizing user acquisition through rewards.
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