Solana Developer Claims SOL Price Should Be $1,000

Solana's SOL price has garnered attention as developer Mert Muntaz claims it is undervalued and should be priced at $1,000. This follows a statement from Solana Foundation's Vibhu, who is prohibited from endorsing the coin.

Solana Foundation's Stance

Vibhu cannot state that SOL is undervalued or predict high price targets like $1,000.
He focuses on discussing Solana’s ecosystem, including its engineers and DeFi integrations.
The current SOL price is approximately $141, with a 1.55% increase in the last 24 hours.
Solana DEX volumes remain strong at $10.89 billion, indicating capital inflow.

PEPENODE Raises Funds

PepeNode (PEPENODE) is gaining traction as a mine-to-earn meme coin.
It combines memes and virtual mining, raising over $2.1 million.
Current price is $0.00115, with staking rewards up to 597%.