FLOKI and BONK saw remarkable growth over the weekend after recovering from Bitcoin's decline late last week. These tokens have been some of the hottest topics during this bull run, with FLOKI and BONK rising over 500% and 87%, respectively.
Recently, both memecoins were listed on European neobank and retail platform Revolut, but the news does not appear to have a massive impact on the tokens. However, the projects' most recent announcements have seemingly blown them away in the last hour.
FLOKI and BONK will conquer Europe
The projects announced their listing on Revolut on Monday. The new listing extends FLOKI and BONK's reach to a wider audience, as the platform is available to 40 million users in over 150 countries.
#FLOKI has just been listed on Revolut, the largest neobanking and retail application in Europe!
This list will $FLOKI accessible to @RevolutAppOver 40 million users in over 150 countries will be able to purchase FLOKI with over 25 fiat currencies, including GBP, EUR, USD and more.
Users… pic.twitter.com/Hy62VJw2w4
– FLOKI (@RealFlokiInu) April 22, 2024
Additionally, the listing will allow users to purchase the tokens with 25 fiat currencies, including EUR, GBP, and USD, directly from the Revolut app. According to BONK Messageusers in Europe and eligible countries will also have access to a Learn and Earn program starting April 29.
Crypto trader Altcoin Gordon weighed on the subject, telling his 458,000 followers that the list was “pretty BIG.” According to Gordon, this will allow the tokens to compete with Dogecoin (DOGE), Dogwifhat (WIF), PEPE and Shiba Inu (SHIB).
Despite the announcement, the tokens showed modest performance following the news. FLOKI price increased by 2% in the following hour, trading at $0.0001778. Nonetheless, the token fell 5.3% a few hours later to trade at $0.0001693.
Meanwhile, Bonk price increased by 3.7%, trading at $0.0002069 before facing a 3.4% decline to the $0.0001990 level.
Likewise, both tokens have seen a decrease in daily activity over the past 24 hours. FLOKI's daily trading volume fell 31.6%, while BONK's daily trading volume fell more than 51%.
New announcements drive up prices
As of 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 was trading at $0.0000, down 2.6% from the previous day.
However, the project's most recent announcements have had a positive impact on token prices. FLOKI announced that decentralized platform Alltoscan locked up $18 million in $ATS for 15 months using the project's crypto locker protocol, FlokiFi Locker.
Alltoscan has just obtained more than $18,000,000 from $ATS tokens for a period of 15 months using #Flokithe advanced crypto locker protocol, #FlokiFi Locker!@alltoscan develops an open source block explorer compatible with all rollups, allowing users to inspect their L2…
– FLOKI (@RealFlokiInu) April 23, 2024
The news appears to have been well received by the community. Apparently fueled by the positive sentiment, the token is up 5.5% in the past hour. Likewise, FLOKI jumped 11.2% compared to 24 hours ago.
Meanwhile, BONK announcement renowned artist JT Liss as “Dog Director for BONK Art Masters.” JT is set to lead Bonk's BAM residency program and Creator Grants program “to help provide more opportunities for artists in the Solana ecosystem.”
Following this news, the token increased by 4.3% in one hour and more than 5.6% compared to its price 24 hours ago. At the time of writing, BONK is trading at $0.00002164.
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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