The Solana-based memecoin Bonk (BONK) experienced a notable 7% surge in its price following announcements indicating that it would soon be available for trading on the Revolut exchange. According to a report from BonkDAO, the decentralized autonomous organization overseeing Bonk, this proposed partnership entails Revolut conducting "learn and earn campaigns" aimed at expanding the user base of the memecoin.
With Revolut boasting a user base of 38 million and operating banking licenses in over 50 countries, the goal for BonkDAO is to capture just 1.3% of Revolut's users to achieve its objectives. As part of the collaboration, Revolut users will be incentivized to engage in learn and earn activities, with the opportunity to win rewards totaling $1.2 million.
Following the announcement, BONK's price has risen to $0.000025, marking a 7.2% increase in the past five hours and a 13.1% surge over the last 24 hours, as reported by CoinGecko. BONK garnered significant attention towards the end of 2023, with its price soaring by 14,000% to reach $0.000025. While it has since experienced a 60% decline from its all-time high, BONK remains among the most actively traded meme coins.
The proposed event is pending official approval from BonkDAO, with seven out of the twelve Bonk voting members having voted in favor thus far. Just one more vote is needed to reach a quorum for approval, and the remaining five voters have four days to cast their votes.
If the Learn and Earn campaign receives the green light, it will be executed in two phases. The initial phase involves the launch of BONK on Revolut, with an emphasis on fostering "organic growth" within the first one to two months. Subsequently, the Learn and Earn campaign will commence. Additionally, there are circulating rumors suggesting that BONK may soon be listed on Robinhood, although neither party has officially confirmed this development.
