BONK May Hit $1 Before SHIB Does—Here's Why

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 2024 and pulled $1.94 million in net inflows on January 9 after months of dormancy as per SoSoValue data. That playbook matters because Grayscale’s consideration list doesn’t guarantee a product launch, but it does signal institutional due diligence is underway. A BONK investment product would provide the first regulated on-ramp for pensions, hedge funds, and RIAs to get exposure without touching decentralized exchanges or self-custody wallets. The Math On $1 BONK Current price: $0.00001149 Target: $1.00 Required move: 87,000x That sounds impossible until you factor in what institutional capital does to micro-cap meme coins when retail FOMO stacks on top. But here’s the kicker: Grayscale consideration for BONK ahead of Shiba Inu (CRYPTO: SHIB), Pepe (CRYPTO: PEPE) changes the game entirely. Why Institutions Are Warming To Meme Coins Grayscale categorizes BONK under “Consumer & Culture” alongside tokens supporting consumption-driven activities. That’s corporate speak for “retail loves this, and retail drives volume.” The firm’s consideration list also features Aptos, Arbitrum, Binance Coin (CRYPTO: BNB), Aave (CRYPTO: AAVE), and Uniswap (CRYPTO: UNI). BONK competitor ARIA Protocol also made the list but isn’t yet included in Grayscale’s existing Crypto Sector products as of December 31, 2025. The timing aligns with the U.S. Digital Asset Market Transparency Act currently under Senate consideration, which could establish clearer frameworks for tokens like XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) to achieve regulatory parity with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Chart Shows Reversal Setup In Play BONK bounced from $0.00000600 in December and formed a potential double-bottom—a bullish reversal signal that precedes explosive moves when confirmed. Price is testing the 50-day EMA ($0.00001014) and 100-day EMA ($0.00001192) simultaneously. The Supertrend indicator sits at $0.00000927, still bearish but losing grip as price consolidates above it. Key levels for SHIB Ahead Resistance: $0.00001200 (100-day EMA), $0.00001480 (200-day EMA), $0.00001800-$0.00002000 (prior consolidation) Support: $0.00001000 (psychological), $0.00000900 (Supertrend), $0.00000600 (December lows) A sustained break above $0.00001200 with volume flips the intermediate trend bullish and opens the door to $0.00001800—a 57% move from current levels. Failure to hold $0.00001000 retests December lows and kills the reversal thesis. Image: Shutterstock