Fintech giant Revolut and stock trading platform Robinhood are allegedly in discussions about a partnership that might involve listing the Solana-based meme coin BONK. These unverified talks have already fueled a significant price spike for BONK, catapulting its value by up to 35% the past week, marking a current peak in its recent pricing trend with additional overnight gains.
BONK’s Market Momentum Linked to Educational Campaign
The coin’s growing popularity may also stem from a proposed “Learn and Earn” campaign, speculated to draw around half a million newcomers to its network. Should the campaign proceed, it would see over a million dollars invested, with the goal of engaging a fraction of Revolut’s user base to succeed. Despite these rumors, there has been no formal announcement from Revolut regarding such a collaboration or coin listing.
Since its launch in 2023, BONK has gained significant attention in the cryptocurrency space, especially for its appeal to centralized exchanges. That year, it enjoyed a meteoric rise, soaring as high as 4,424% in value before stabilizing. Its integration as a reward mechanism for Solana Saga users towards the year’s end further bolstered its circulation and acceptance.
Currently, BONK is trading at $0.00001379, after a 5.29% increase in the past day. Its presence on major trading platforms like Binance, Coinbase, and Bybit demonstrates notable exchange support, and a potential Robinhood listing could further solidify its market stature.
Implications for Solana Ecosystem with BONK’s Expansion
Expanding BONK’s reach through platforms such as Robinhood and Revolut, which aren’t primarily crypto-centric, might serve as a catalyst for Solana’s overall adoption. Such listings would not only enhance the coin’s exposure to a broader audience but also potentially drive Solana’s growth, building on its previous reputation as the top-performing altcoin in 2023.