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One Memecoin Is Rising Rapidly after News of Its Potential Trading Platform Listing

Bonk climbed 13% after news broke that it might be listed on a French trading platform.

Solana has been developing its memecoin Bonk (BONK) since early 2023 and is looking to give it a boost by partnering with French trading platform Revolut. The news caused a 13% surge in Bonk’s price, and that was quickly followed by a bullish trend that saw gains of 34% over the last seven days.

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The momentum has died down since then, with a change of 0.62% for Thursday from the previous day, but Bonk is trending at $0.00001394 (BONK/USD) at the time of this writing.

Revolut is considering putting Bonk on its platform, which could then open up this #80 ranked crypto coin to 500,000 more investors. If the deal goes through, Revolut would then put $1.2 million behind Bonk in an advertising campaign meant to raise awareness about what the coin can do. From there, Revolut would give Bonk tokens to users who get on their platform and use the educational content there.

The Rumors Abound

In the midst of this potentially good news for the coin, there is additional information circulating about further listings for Bonk. A rumor states that Robinhood may be listing Bonk soon as well, which would substantially increase its potential user base. Is this the next Dogecoin (DOGE) or Shiba Inu (SHIB)? The memecoin’s look and aspirations seem to be on par with these coins.

Those two coins skyrocketed in popularity and price over the last few years, starting off as jokes and becoming legitimate crypto powerhouses ranking in the top of the market’s listings. A strong marketing campaign and legitimate platform listings could help to improve Bonk’s status and dissuade skeptics who might not want to risk investing in it.

The Solana (SOL) proprietary coin is doing quite well on its own, gaining 12% over the last day. Bonk came out of its ecosystem as a way to counter the collapse of the FTX platform. The Bonk token was used to incentivize activity on the Solana blockchain. Now, Bonk is surging as Bitcoin (BTC) is achieving new milestones, which will only help the other coins around Bitcoin do well too.

 

 

 

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ABOUT THE AUTHOR See More
Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
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