BONK was one of the best-performing memecoins in the market in the last quarter of 2023.
This popularity was pushed further by the Solana Saga phones, in the Saga-BONK airdrop frenzy.
However, BONK's run came to an end, and the memecoin faded right out of popularity—or did it?
Revolut, a European fintech company that offers banking, investing, and crypto services to over 20 million users has just announced something.
According to sources, Revolut is preparing to list BONK, the first meme coin on its platform, and launch a $1.2 million campaign to educate its users on the benefits and features of BONK.
The campaign, dubbed "learn", will consist of quizzes, videos, and articles that will teach users about BONK and Solana, and reward them with free BONK tokens for completing the tasks.
The BONK council still has to vote on the BONK proposal and allot 93 billion BONK tokens from the project's treasury to the campaign before starting things up.
Given that six of the twelve council members have already voted in favour and none against, the vote is expected to pass soon, bringing BONK to Revolut and onboarding an impressive 500,000 new users to BONK.
According to reports, Revolut intends to capitalize on the popularity of Solana and its memecoin ecosystem, with BONK being a useful addition to Revolut's crypto offerings.
BONK will be visible to a wide range of crypto fans and newcomers thanks to its listing on Revolut, which is a significant milestone for the project. In addition to increasing the popularity of BONK and Solana, Revolut's educational campaign will strengthen and enlighten the community around the project.
We already saw more than a 19,000% price increase in BONK after its listing on popular exchanges like Coinbase and Binance last year in November 2023, and the incoming Revolut listing might do wonders for the memecoin's value, demand, liquidity, and accessibility.
BONK's Revolut listing could also potentially boost Solana's reputation while showing its ability to fund new initiatives.
Being one of Revolut's listed tokens could also help BONK and Solana's network metrics, and could be the catalyst for more collaborations and integrations down the road.
BONK appears to be back in business. According to data from CoinMarketCap, the memecoin is up by around 35% over the last week.
Moreover, its market cap and trading volumes have also been on a steady rise, registering around 5.6% and 94% increases over the last day.
In the charts, we have BONK attempting a comeback, after hitting the $0.0000094 resistance as shown below:
As shown above, the memecoin continues to make higher highs and has just broken above the $0.00001407 resistance.
The memecoin is currently consolidating after this breakout, and if the bulls can hold this fort, the Fibonacci retracement tool on the 4-hour chart shows that the incoming price targets could be anywhere between $0.00001495 and $0.00001667.
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