FLOKI And BONK Drop 5% After Revolut Listing Announcement
24 April 2024 - 8:00AM
NEWSBTC
FLOKI and BONK had remarkable growth over the weekend after
recovering from the Bitcoin dip at the end of last week. These
tokens have been some of the hottest topics during this bull run,
with FLOKI and BONK increasing by over 500% and 87%, respectively.
Recently, both memecoins were listed on the European neo bank and
retail platform Revolut, but the news didn’t appear to have a
massive impact on the tokens. However, the projects’ most recent
announcements have seemingly made them soar in the past hour.
Related Reading: Solana Meme Coin Massacre: 12 Projects Gone In 30
Days, $27 Million Vanished FLOKI And BONK To Take Over Europe The
projects announced their listing on Revolut on Monday. The new
listing expands the reach of FLOKI and BONK to a broader audience,
as the platform is available to 40 million users in over 150
countries. #FLOKI just got listed on Revolut, the biggest neobank
and retail trading app in Europe! This listing will make $FLOKI
accessible to @RevolutApp's 40 million+ users in 150+ countries who
will be able to buy FLOKI with 25+ fiat currencies including GBP,
EUR, USD and more. Users… pic.twitter.com/Hy62VJw2w4 — FLOKI
(@RealFlokiInu) April 22, 2024 Moreover, the listing will allow
users to buy the tokens with 25 fiat currencies, including EUR,
GBP, and USD, directly from the Revolut app. Per the BONK X post,
users in Europe and eligible countries will also have access to a
Learn and Earn program starting on April 29. Crypto trader Altcoin
Gordon weighed in on the matter, telling his 458,000 followers that
the listing was “pretty BIG.” According to Gordon, it will allow
the tokens to compete with Dogecoin (DOGE), Dogwifhat (WIF), PEPE,
and Shiba Inu (SHIB). Despite the announcement, the tokens
performed modestly after the news. FLOKI’s price increased 2% in
the following hour, trading at $0.0001778. Nonetheless, the token
dropped 5.3% hours later to trade at $0.0001693. Meanwhile, Bonk’s
price increased by 3.7%, trading at $0.0002069 before facing a 3.4%
dip to the $0.0001990 level. Similarly, both tokens have seen a
decrease in daily activity in the past 24 hours. FLOKI’s daily
trading volume fell a staggering 31.6%, while BONK’s trading volume
dropped over 51%. New Announcements Boost Prices On Tuesday
morning, FLOKI was trading at $0.0001727, representing a modest
0.4% gain from the token’s price 24 hours prior. On the other hand,
BONK traded for $0.00002019, a 2.6% price decrease from the day
before. However, the project’s most recent announcements have
positively impacted the tokens’ prices. FLOKI announced that the
decentralized platform Alltoscan locked $18 million worth of $ATS
for 15 months using the project’s crypto locker protocol, FlokiFi
Locker. Alltoscan has just secured over $18,000,000 worth of $ATS
tokens for a 15-month period using #Floki's advanced crypto locker
protocol, #FlokiFi Locker!@alltoscan is developing an open-source
block explorer compatible with all rollups, enabling users to
inspect their L2… https://t.co/RBc0nGnrJr — FLOKI (@RealFlokiInu)
April 23, 2024 The news appears to have been well-received by the
community. Seemingly fueled by the positive sentiment, the token
rose 5.5% in the last hour. Similarly, FLOKI now surged 11.2% from
24 hours ago. Meanwhile, BONK announced renowned artist JT Liss as
“The Dog’s Director for BONK Art Masters.” JT is set to lead Bonk’s
BAM residency program and the Creator Grants program “to help
provide more opportunities for artists in the Solana ecosystem.”
Following this news, the token increased by 4.3% in an hour and
over 5.6% from its price 24 hours ago. At the time of writing, BONK
is trading at $0.00002164. Related Reading: Bitcoin Price Extends
Increase, Why Dips Turned Attractive In Short-Term FLOKI is trading
at $0.0001921 in the weekly chart. Source: FLOKIUSDT on TradingView
Featured Image from Unsplash.com, Chart from TradingView.com
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