In recent developments within the cryptocurrency market, BONK, a meme coin operating on the Solana blockchain, has drawn considerable institutional attention. Over the last 24 hours, BONK experienced a 6% increase in its market price, coinciding with Grayscale Investments' decision to include BONK on its first quarter Assets Under Consideration (AUC) list.
This inclusion is significant as it represents the inaugural occasion on which a major traditional financial (TradFi) asset manager is publicly investigating BONK as a candidate for an investment product. Grayscale’s AUC list not only comprises BONK but also contains over 40 additional tokens spanning decentralized finance (DeFi), artificial intelligence (AI), and smart contract ecosystems.
Prior to BONK’s consideration, Dogecoin (DOGE) was the sole meme coin featured on Grayscale’s AUC list. Following the launch of Grayscale’s Dogecoin ETF, ticker $GDOG, in late 2024, the product attracted $1.94 million in net inflows on January 9 after a period of relative inactivity, according to SoSoValue data. This example establishes a framework demonstrating how institutional endorsement via Grayscale can catalyze renewed market interest and capital influx into meme coins.
It should be noted that inclusion on Grayscale’s consideration list does not guarantee the eventual creation of an investment product. However, such inclusion does confirm that a process of rigorous institutional due diligence is underway. An investment vehicle based on BONK would create a regulated on-ramp, enabling entities like pension funds, hedge funds, and registered investment advisors (RIAs) to gain exposure to the asset without the complexities and potential risks of decentralized exchanges (DEXs) or self-custody wallets.
The Feasibility of a $1 BONK
Analyses of BONK’s current market price, which is approximately $0.00001149, juxtaposed with a hypothetical target price of $1.00, indicates it would require an approximately 87,000-fold increase in value to reach that level.
While such a move may appear implausible at first glance, historical precedents in the crypto sector suggest that institutional capital inflows combined with amplified retail enthusiasm (often characterized as FOMO) can precipitate extraordinary price surges, especially in micro-cap meme coins.
A noteworthy aspect of BONK’s current institutional status is its consideration by Grayscale ahead of other notable meme coins such as Shiba Inu (SHIB) and Pepe (PEPE). This precedence could materially alter the competitive landscape among meme tokens.
Institutional Appetite and Meme Coin Categorization
Within its classification framework, Grayscale designates BONK under the “Consumer & Culture” sector. This label corresponds to tokens associated with consumption activities and implies that retail investor engagement plays a critical role in driving volume and liquidity for such assets.
The asset manager’s AUC list includes other prominent cryptocurrencies such as Aptos, Arbitrum, Binance Coin (BNB), Aave (AAVE), and Uniswap (UNI). Additionally, the BONK competitor ARIA Protocol has appeared on the list but, as of the last reporting period ending December 31, 2025, has not been incorporated into any existing Grayscale Crypto Sector products.
This timing aligns with legislative progress on the U.S. Digital Asset Market Transparency Act currently under consideration by the Senate. Should the act pass, it would create clearer regulatory frameworks encouraging parity across various tokens, including XRP and Solana, relative to more established assets like Bitcoin (BTC) and Ethereum (ETH).
Technical Indicators Suggesting Reversal Potential
Trading data illustrates that BONK price rallied from $0.00000600 in December and formed what appears to be a double-bottom pattern. Typically, this pattern is viewed as a bullish reversal indicator and, when confirmed, often precedes significant upward price movements.
Currently, BONK’s price hovers near critical technical resistance levels, specifically the 50-day exponential moving average (EMA) at approximately $0.00001014 and the 100-day EMA near $0.00001192.
The Supertrend indicator, a trend-following metric, remains slightly bearish at $0.00000927 but shows signs of diminishing influence as the trading price consolidates above it.
Relevant Price Levels for Comparison - SHIB
- Resistance: The 100-day EMA near $0.00001200, the 200-day EMA close to $0.00001480, and prior consolidation zones ranging from $0.00001800 to $0.00002000.
- Support: Psychological support at $0.00001000, the Supertrend at $0.00000900, and December lows near $0.00000600.
A decisive and sustained break above the $0.00001200 resistance level, particularly if accompanied by increased volume, could shift the intermediate trend to bullish and potentially lead to price appreciation reaching $0.00001800. This would constitute a price increase of approximately 57% from current levels.
Conversely, failure to maintain support above $0.00001000 might reexpose the asset to testing its December lows and invalidate the bullish reversal hypothesis.
These observations highlight a pivotal juncture for BONK where timely institutional decisions and technical price behavior may coalesce to define the asset’s short-to-medium-term trajectory.