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Grayscale Investments has added Solana-based meme coin BONK to its quarterly "Assets to Watch" list, marking the first time a major traditional asset management firm has publicly evaluated whether BONK is suitable as an investment product. This move makes BONK and Dogecoin the only two meme coins on the list, sparking speculation about its potential access to institutional investor regulation and causing its price to rise by 6% within 24 hours. Grayscale's action aligns with broader regulatory development trends and indicates that institutional investors are continuing to conduct due diligence in the cryptocurrency space.