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Solana

Bonk

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Solana-based memecoin Bonk’s (BONK) spiked 7% shortly after news broke that the Solana-based memecoin could soon be listed on Revolut’s trading platform.
Under a proposed partnership, the European fintech firm is set to run a Bonk “Learn and Earn Campaign,” which is aimed at increasing the memecoin’s user base by 500,000, <a href="https://app.realms.today/dao/Bonk/proposal/ENJnKG8eDpVdFK69D6HrDxgpB68EvrghEZaPfPixhvq2" target="_blank" rel="noopener noreferrer nofollow">according</a> to a Feb. 14 note by BonkDAO, the decentralized autonomous organization behind Bonk.
Revolut currently has 38 million users and operates a banking license in more than 50 countries, BonkDAO noted, meaning that it would only need to capture 1.3% of Revolut users to reach its goal.
Revolut users will <a href="https://x.com/learn2earnify/status/1757911930071929222?s=46&amp;t=MuRujqZUAz3TQE1vmr3c6A" target="_blank" rel="noopener noreferrer nofollow">reportedly</a> be incentivized to participate in the Learn and Earn campaign, with $1.2 million in rewards up for grabs.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-02/4f6b4e43-c52c-4162-ae54-7746fba2741c.png">
 <figcaption style="text-align: center;">Details of BONK’s Learn and Earn Campaign with Revolut. Source: Realms
 </figcaption>
</figure>
BONK’s price is now at $0.000025 following the news, increasing 7.2% over the last five hours and 13.1% over 24 hours, <a href="https://www.coingecko.com/en/coins/bonk" target="_blank" rel="noopener noreferrer nofollow">according </a>to CoinGecko.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-02/2a38c8a2-2234-4e36-b9d0-40ee816cb73e.png">
 <figcaption style="text-align: center;">BONK’s price movement since Dec. 29, 2022. Source: CoinGecko
 </figcaption>
</figure>
BONK became one of the <a href="https://cointelegraph.com/news/solana-memecoin-bonk-flips-pepe-price-370-percent-gain" rel="noopener noreferrer nofollow">most talked about tokens</a> in late 2023 when its <a href="https://cointelegraph.com/news/bonk-token-goes-bonkers-as-traders-chase-after-high-yields-in-the-solana-ecosystem" rel="noopener noreferrer nofollow">price increased 14,000%</a> to $0.000025. It has since fallen 60% from its all-time high but remains one of the most popular memecoins by trading volume.
The campaign still awaits official approval from BonkDAO.
At the time of publication, seven out of 12 Bonk voting members have voted in favor of the campaign, with only one more vote needed to reach an approval quorum.&nbsp;
No one has voted against the campaign. The remaining five voters have four days to cast their vote.
If approved, the Learn and Earn campaign will run under two “waves.”
The first will involve BONK’s launch on Revolut with the aim of “organic growth” for the first one to two months. After that, the Learn and Earn campaign will launch.
Related: <a href="https://cointelegraph.com/news/memecoin-trader-makes-million-on-elon-musk-chief-troll-officer-bio" rel="noopener noreferrer nofollow">Memecoin trader briefly becomes millionaire off throwaway Elon Musk X gag</a>
Cointelegraph reached out to members of the Bonk community for comment but did not receive an immediate response.
Meanwhile, rumors are swirling that BONK will soon be listed on Robinhood, too, but nothing has been publicly confirmed by&nbsp;either party. Cointelegraph reached out to Robinhood.
<blockquote class="twitter-tweet">
 Babe wake up! We’re all bullposting Bonk on the Revolut news and Robinhood rumors! My heart is so full Best Valentines ever— Jecy | AllDomains (@Jecy024) <a href="https://twitter.com/Jecy024/status/1757897421525278829?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 14, 2024</a>
</blockquote>
Magazine: <a href="https://cointelegraph.com/magazine/how-smart-people-invest-in-dumb-memecoins-3-point-plan-for-success/" rel="noopener noreferrer nofollow">How smart people invest in dumb memecoins: 3-point plan for success</a>

Solana memecoin BONK spikes 7% after proposed ‘learn’ deal with Revolut

Cointelegraph

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