Solana’s foremost meme coin, BONK, is again making headways on the charts and in its fundamentals. The meme coin’s ecosystem recently made significant strides, which are already having a positive effect and could provide further bullish momentum for the crypto token. 

The Bonk DAO, the decentralized autonomous organization behind the meme coin, has passed a proposal to launch the crypto token on one of the “biggest European fintechs.” While the proposal didn’t specifically state what fintech platform it will be, there is reason to believe the proposed partnership is with crypto-friendly financial company Revolut.

The proposal also alluded to the fact that the fintech platform boasted a user base of more than 38 million users and was operational in more than 50 countries, which further hints at the platform being Revolut. Interestingly, the partnership aims to onboard “500,000 new BONK users” to increase the crypto token’s active holder base.

The token launch on the Revolut platform is the first step to achieving this, although the primary focus is on the ‘Learn and Earn’ campaign, which will follow shortly after. This educational initiative won’t come until 1 to 2 months after the token launch. The plan is to create room for organic growth with the BONK listing before engaging these new users. 

Meanwhile, the proposal (before being passed) seemed to be the only thing delaying this move, as it was also included in the proposal that Vendor Due Diligence (VDD) and all other legal requirements had been completed. With the proposal’s passing, it shouldn’t take too long before the meme coin gets listed on the fintech platform. 

A case continues to be made for BONK as the meme coin of the next bull run. In the past market cycles, meme coins like DOGE and SHIB enjoyed unimaginable gains on the back of massive rallies. Meanwhile, BONK is projected to enjoy a similar status partly due to its close association with Solana. 

BONK is the first meme coin created on Solana, and SOL is believed to be one of the major altcoins that will run hard when the bull market returns in full force. When that happens, the meme coin will likely enjoy some of the attention and make a run of its own. 

At the time of writing, BONK is trading at around $0.0000142, up over 10% in the last 24 hours, according to data from CoinMarketCap. 

Chart from Tradingview

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