A Potential Partnership Sparks Price Jump for BONK
A piece of unconfirmed news about a potential partnership with fintech firm Revolut and commission-free brokerage app Robinhood has sparked a price jump for Solana-based memecoin BONK.
BONK’s Listing on Revolut: Rumor or Reality?
After registering up to a 32% jump in price last week, BONK has recorded an additional uptick overnight, pushing the price to a multi-week high. This was after rumors that the memecoin would be listed on Revolut and Robinhood began to circulate the internet. According to the rumor, the fintech giant will make BONK available to its 38 million registered customers around the globe.
In addition, there is a proposed “Learn and Earn” campaign that could increase BONK’s user base. About $1.2 million has been made available for the campaign. If it pulls through, it could add as much as 500 thousand users to the BONK ecosystem although the program still requires approval from BONKDAO, the decentralized autonomous organization behind the memecoin.
This means that BONK may only need about 1.3% of Revolut’s user base to achieve its goal. In the meantime, no official announcement has been made to corroborate the Revolut listing and partnership rumors.
BONK and the Solana Influence
BONK has become one of the most talked-about memecoins since 2023 when it made a major debut. Its association with centralized exchanges has contributed greatly to the level of growth that the ecosystem has recorded in this short while. In 2023 alone, BONK soared as high as 4,424% before correcting its steps.
Using BONK as an incentive for Solana Saga users was one of the highlights of the memecoin in the past year. This incentive utility further drove its adoption through the roof toward the end of 2023.
The popular dog-themed memecoin reached its all-time high of $0.00003416 on December 15 but is currently trading at $0.00001379 with a 5.29% increase in the last 24 hours. So far, trading of the BONK memecoin is available on Binance, Coinbase, and even Bybit, underscoring how it is backed by major trading platforms and a debut on Robinhood will be a complementary boost.
Noteworthy, the adoption of BONK by these non-crypto native exchanges would be a game-changer for the broad Solana ecosystem. It would contribute to the revival of SOL which had previously claimed to be the best-performing altcoin by the end of 2023. Markedly, SOL is doing well in the market as it looks ready to reclaim its previous highs.
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