SOL developer Mert Muntaz has called out Solana price undervaluation in response to claims from Solana Foundation Manager Vibhu.
Solana SOL $135.1 24h volatility: 0.8% Market cap: $74.80 B Vol. 24h: $6.77 B price performance has caught the attention of a top developer known as Mert Muntaz, who claimed that the digital asset is undervalued.
The dev optimistically stated that the SOL price should be around $1,000. His post on X was a reaction to an earlier statement from Solana Foundation manager, vibhu, who claimed he is not allowed to make certain statements about the coin.
Solana Foundation Refuses SOL Endorsement
Vibhu was seen on X on November 17, outlining some of the statements he is prohibited from making as a mid-tier manager at Solana Foundation. Three of such statements include “SOL is undervalued,” “Buy SOL,” and “SOL to $1000.”
In other words, he cannot directly highlight Solana’s potential as a way of endorsing the coin.
SOL is undervalued
SOL to $1,000 https://t.co/fXHvcPVbIL
— mert | helius.dev (@0xMert_) November 17, 2025
Rather, vibhu said he is required to only talk about Solana’s robust ecosystem, including its top engineers, decentralized finance (DeFi) innovators, and broad integrations with financial onramps.
Reacting to this post, Mert, the CEO of Solana infrastructure provider Helius, defied the Solana Foundation guidelines and posted two of the prohibited statements.
This situation comes as SOL price falls to around $141, reflecting a broader market decline. SOL is currently trading at $141.77, with a 1.55% increase over the last 24 hours. Compared to Ethereum ETH $3 087 24h volatility: 0.5% Market cap: $372.61 B Vol. 24h: $37.18 B and BNB BNB $907.5 24h volatility: 0.9% Market cap: $124.99 B Vol. 24h: $2.86 B , Solana DEX volumes still look promising.
According to DeFiLlama, it is now at $10.89 billion, suggesting a possible migration of capital.
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It is currently priced at $0.0011005 and has already raised more than $2.1 million so far.
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