Solana-based memecoin Bonk (BONK) saw a 15% increase in value due to rumors that it would soon be listed on Revolut’s exchange.
Renowned fintech company Revolut is considering collaborating with Bonk on a “Learn and Earn Campaign.” The program, which BonkDAO announced in a note on February 14, attempts to increase the memecoin’s user base by a target of 500,000.
The decentralized autonomous BonkDAO, which is in charge of the Bonk project, stated how many people use Revolut—38 million people in more than 50 countries.
Reaching its goal of adding more users would be possible for BonkDAO if it could only acquire 1.3% of Revolut’s customer base.
Revolut users will receive incentives worth $1.2 million as part of the campaign. According to CoinMarketCap, the price of BONK has reacted favorably to these events, rising to $0.00001425 after rising 7% over the previous five hours and 12.6% over the previous day.
Mohammad Ali is a fintech and cryptocurrency writer who has been covering the intersection of finance and technology for several years. Ali has a deep understanding of the financial industry and the ways in which technology is changing it, with a special focus on the rise of digital currencies and blockchain technology.
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