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Bonk and Grayscale: A New Era of Altcoin Evaluation

Grayscale Research has unveiled its Q3 2025 "Assets Under Consideration" list, which now features BONK among 31 selected altcoins.

This marks a significant reduction from the previous quarter's 40 candidates, indicating a more selective approach in asset evaluation.

The latest list shows notable changes in specific categories, most prominently in "Smart Contracts" and "Utilities & Services," which have both seen substantial cuts.

Grayscale's new focus includes emerging categories such as AI tokens, but the overall trend reveals the removal of numerous previously considered altcoins like Babylon and VeChain.

Among the candidates, BONK has gained attention, enjoying a week of impressive price performance that may have influenced its inclusion.

However, Grayscale has not disclosed the reasoning behind its selection process, leaving many investors curious about the criteria for these decisions.

Additional tokens such as MegaETH and Monad currently remain in limbo, as Grayscale identifies them as not fitting into its main asset categories.

The firm's quarterly updates are often viewed as key insights into future market directions, making this narrowed list significant for altcoin enthusiasts.

Despite the mystery surrounding specific choices, the inclusion of BONK suggests that Grayscale is keeping pace with market trends and investor interest.

As blockchain and crypto dynamics evolve, Grayscale's adjustments provide a glimpse into the firm's ongoing strategy for altcoin investments.