BONK (CRYPTO: BONK) is up 6% over the past 24 hours as Grayscale Investments added the Solana meme coin to its Q1 consideration list, triggering speculation that Wall Street’s first regulated BONK product could a massive rally.

First Institutional Pathway Opens For Solana Meme Coin

Grayscale disclosed BONK on its quarterly Assets Under Consideration list alongside 40 other tokens spanning DeFi, AI, and smart contract platforms.

The move marks the first time a major TradFi asset manager has publicly evaluated BONK for an investment product.

BONK now joins Dogecoin (CRYPTO: DOGE) as the only meme coins under active Grayscale consideration. 

The firm’s Dogecoin ETF $GDOG launched in late…

Read more on Benzinga