Solana’s Meme Coin BONK Making Headways with Positive Developments
Solana’s leading meme coin, BONK, is experiencing significant progress in both its charts and fundamentals. The recent strides made by the meme coin’s ecosystem are already having a positive impact and could potentially generate further bullish momentum for the crypto token.
BONK Set to Be Listed on Revolut?
The Bonk DAO, the decentralized autonomous organization behind BONK, has approved a proposal to launch the crypto token on one of Europe’s largest fintech platforms. Although the proposal doesn’t mention the specific platform, it is likely that the partnership will be with Revolut, a crypto-friendly financial company. With over 38 million users across more than 50 countries, Revolut aligns with the information provided in the proposal. The collaboration aims to onboard 500,000 new BONK users and expand the active holder base of the crypto token.
The token launch on Revolut will be followed by an educational initiative called “Learn and Earn” within 1 to 2 months. This strategy allows for organic growth with BONK’s listing before engaging new users.
Prior to the passing of the proposal, Vendor Due Diligence (VDD) and all legal requirements were completed. Therefore, it shouldn’t be long before BONK gets listed on Revolut.
BONK: The Meme Coin for the Next Bull Run
BONK is being touted as the meme coin that will shine in the next bull run. In previous market cycles, meme coins like DOGE and SHIB experienced substantial gains through massive rallies. BONK is expected to achieve a similar status due in part to its association with Solana. As one of the major altcoins that is predicted to perform well when the bull market returns, SOL’s success could boost attention and drive BONK’s own rally.
As of now, BONK is trading at around $0.0000142, with a more than 10% increase in the past 24 hours.
Chart from Tradingview
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