BONK (CRYPTO: BONK), the popular meme coin on the Solana network, has jumped 6% in the past 24 hours. This rally comes after Grayscale Investments added BONK to its Q1 Assets Under Consideration list. This move is fueling speculation that BONK could soon have a regulated investment product on Wall Street, potentially triggering a major price surge.

**First Time Big Finance Eyes BONK**

Grayscale, a major player in traditional finance (TradFi), revealed that BONK is now under active review for a possible investment product. It’s listed alongside 40 other cryptocurrencies, including those focused on DeFi, AI, and smart contract platforms.

This marks the first time that a major institutional asset manager has publicly considered BONK for inclusion in a regulated financial product. Until now, BONK has mostly been traded by individual investors on decentralized platforms.

BONK now stands next to Dogecoin (CRYPTO: DOGE) as one of only two meme coins being looked at by Grayscale. Notably, Grayscale launched its Dogecoin ETF ($GDOG) in late 2024, which pulled in nearly $2 million in net inflows on January 9—after being dormant for months.

Although being on the list doesn’t mean a new fund is guaranteed, it does show that serious due diligence is happening. If a BONK-based investment product is launched, it would provide institutions like hedge funds and retirement funds with their first easy, regulated way to invest in this meme coin—no need for self-custody wallets or decentralized exchanges.

**Can BONK Hit $1?**

Right now, BONK is trading at around $0.00001149. To hit $1, it would need to skyrocket about 87,000 times. That might sound impossible—but in crypto, especially with meme coins, big moves can happen fast when institutional money and retail hype collide.

What’s surprising is that Grayscale is considering BONK before more well-known meme coins like Shiba Inu (CRYPTO: SHIB) and Pepe (CRYPTO: PEPE). This shifts the landscape and shows how institutions are starting to see value in meme coins.

**Why Institutions Are Interested in Meme Coins**

Grayscale put BONK in its “Consumer & Culture” category, which includes tokens driven by community interest and retail activity. Basically, this means they see that everyday investors love these coins—and where retail interest goes, trading volume often follows.

Other notable cryptocurrencies on Grayscale’s watchlist include Aptos, Arbitrum, Binance Coin (CRYPTO: BNB), Aave (CRYPTO: AAVE), and Uniswap (CRYPTO: UNI). BONK’s rival, ARIA Protocol, also made the list but hasn’t yet been added to Grayscale’s official sector products.

All of this comes as the U.S. Senate is reviewing the Digital Asset Market Transparency Act. If passed, this legislation could give more regulatory clarity for tokens like XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL), putting them on more equal footing with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

**BONK Price Chart Signals Possible Breakout**

BONK recently bounced off its December low of $0.00000600 and may be forming a “double bottom” pattern—a bullish signal suggesting a potential price surge. The coin is currently testing two key moving averages: the 50-day EMA at $0.00001014 and the 100-day EMA at $0.00001192.

The Supertrend indicator is still showing bearish sentiment at $0.00000927, but that could change if prices keep consolidating above it.

Key levels to watch:
– Resistance: $0.00001200 (100-day EMA), $0.00001480 (200-day EMA), and $0.00001800–$0.00002000 (previous high zone)
– Support: $0.00001000 (psychological level), $0.00000900 (Supertrend), and $0.00000600 (December low)

If BONK can break above $0.00001200 with strong trading volume, it could climb another 57% toward $0.00001800. But if it falls below $0.00001000, it could revisit December lows—ending hopes for a bullish reversal.

**Meme Coins Gaining Institutional Attention**

With growing interest from firms like Grayscale and potential U.S. regulations on the horizon, meme coins like BONK are starting to gain serious traction among institutional investors. While risks remain high, the potential rewards are drawing attention from both Wall Street and retail traders alike.

Stay tuned as BONK continues to build momentum in both the crypto world and traditional finance circles.