FLOKI And BONK Drop 5% After Revolut Listing Announcement

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 didnt appear to have a massive impact on the tokens. However, the projects most recent announcements have seemingly made them soar in the past hour.

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. FLOKIs 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, Bonks 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. FLOKIs daily trading volume fell a staggering 31.6%, while BONKs 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 tokens price 24 hours prior. On the other hand, BONK traded for $0.00002019, a 2.6% price decrease from the day before.

However, the projects 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 projects 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 Dogs Director for BONK Art Masters. JT is set to lead Bonks 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.

Text source: NewsBTC

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