Crypto NewsNews

Bonk is Set to Floor Resistances. Here is Why

Loading

Bonk has joined the list of crypto assets available on the Revolut platform following a recent announcement by the company. The community-powered token built on the Solana blockchain is one of the assets available to users on Revolut. 

The report stated, “We’re delighted to announce the addition of the BONK token to our growing list of over 150 vetted and tradable cryptocurrencies. Offering a diverse range of tokens is a key part of our commitment to creating a market-leading trading platform and we’re excited to include BONK in the app.”

Following the announcement, the firm added additional information for users who wish to add the Bonk token to their portfolio. Traders can access the newly added token through the Revolut app where customers can choose to trade the token and a host of other cryptocurrencies along with resources like the token’s whitepaper and a link to the asset’s website for better understanding.

Bonk Set For New Records

BONK, claimed to be the first dog-themed coin on Solana but shares its theme with meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). Nonetheless, After its launch on December 25 2022, through an airdrop on the Solana community, SOL went up by 34% in 48 hours. 

Records on Coinmarketcap showed that the token grew by over 2,000% in one week after its listings on some popular crypto exchanges in December 2022. Bonk was the best performing crypto asset by order of return percentages, the year after.

In a similar pattern, Bonk’s recent listing on the Revolut platform might set the token up for new records, given the rank of the company in the financial sector.

With over 35 million customers across 37 countries, Bonk’s new listing on the platform could most likely cause a huge boost to the asset’s price, which might also lead to more influx on the Solana space.

Not long ago, the Solana network experienced severe congestion causing Ore project developer, Hindhat Chad to suggest that the Solana network provide incentive plans for network users to increase participation in testnet activities.

Related Articles

Back to top button