Solana Is Undervalued, Top Developer Claims


Key Notes

  • Mert has defied the Solana Basis by optimistically stating that the SOL worth ought to be round $1,000.
  • His assertion was a response to an earlier submit by the Solana Basis Supervisor, who famous that he’s prohibited from endorsing SOL publicly.
  • SOL worth is at the moment round $141, making $1,000 degree a serious excessive to achieve.

Solana

SOL
$138.3



24h volatility:
1.0%


Market cap:
$76.74 B



Vol. 24h:
$6.65 B



worth efficiency has caught the eye of a prime developer referred to as Mert Muntaz, who claimed that the digital asset is undervalued.

The dev optimistically said that the SOL worth ought to be round $1,000. His submit on X was a response to an earlier assertion from Solana Basis supervisor, vibhu, who claimed he’s not allowed to make sure statements concerning the coin.


Solana Basis Refuses SOL Endorsement

Vibhu was seen on X on November 17, outlining among the statements he’s prohibited from making as a mid-tier supervisor at Solana Basis. Three of such statements embrace “SOL is undervalued,” “Purchase SOL,” and “SOL to $1000.”

In different phrases, he can not immediately spotlight Solana’s potential as a approach of endorsing the coin.

 

Quite, vibhu mentioned he’s required to solely discuss Solana’s sturdy ecosystem, together with its prime engineers, decentralized finance (DeFi) innovators, and broad integrations with monetary onramps.

Reacting to this submit, Mert, the CEO of Solana infrastructure supplier Helius, defied the Solana Basis tips and posted two of the prohibited statements.

This case comes as SOL worth falls to round $141, reflecting a broader market decline. SOL is at the moment buying and selling at $141.77, with a 1.55% enhance during the last 24 hours. In comparison with Ethereum

ETH
$3 142



24h volatility:
0.8%


Market cap:
$380.07 B



Vol. 24h:
$38.34 B



and BNB

BNB
$915.4



24h volatility:
1.9%


Market cap:
$126.40 B



Vol. 24h:
$2.87 B



, Solana DEX volumes nonetheless look promising.

In response to DeFiLlama, it’s now at $10.89 billion, suggesting a attainable migration of capital.

PEPENODE Raises $2.1M, Good points Traction Amongst Buyers

SOL might face competitors from a serious digital asset, PepeNode (PEPENODE), which has attracted important consideration from crypto fans. It is named the primary mine-to-earn meme coin within the crypto house.

PepeNode offers customers entry to a platform the place they’ll participate in digital mining of meme cash. It conveniently combines the 2 worlds of memes and mining. Its fame is regularly climbing to the purpose the place it now ranks among the many best crypto presales of 2025.

It’s at the moment priced at $0.0011005 and has already raised greater than $2.1 million to date.

Present Presale Stats of PepeNode

Present worth: $0.00115

Quantity raised to date: $2.15M

Ticker: PEPENODE

PEPENODE gives staking rewards of as much as 597%. Involved in buying? Take a look at our information on how to buy PEPENODE.

Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any selections based mostly on this content material.

Solana (SOL) News, Cryptocurrency News, Market News, News

Godfrey Benjamin

Benjamin Godfrey is a blockchain fanatic and journalist who relishes writing about the true life functions of blockchain know-how and improvements to drive normal acceptance and worldwide integration of the rising know-how. His want to teach folks about cryptocurrencies conjures up his contributions to famend blockchain media and websites.

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