DUBAI, United Arab Emirates, June 21, 2026 (GLOBE NEWSWIRE)
Dubai-based meme coin project Pepeto has crossed $10.29 million in presale funding, marking one of the fastest fundraises of the current cycle, according to the project’s latest update. The team says the inflow is being driven largely by larger wallets — addresses that previously held through full Bitcoin and Ethereum bear markets — drawn by the gap between the current presale price and Pepeto’s planned exchange listing price.
The update lands alongside renewed debate over Solana’s price trajectory, with SOL currently trading around $71.68, roughly 75% below its all-time high of $293.
Where Analysts See Solana Heading
Crypto analyst Michael van de Poppe has pointed to a long-term base case of $300–$500 for SOL, with research firm InvestingHaven floating an $600 bull-case scenario. Standard Chartered, by contrast, has trimmed its outlook to $250 by 2026 and $2,000 by 2030 — a reminder that forecasts among analysts vary widely and shouldn’t be treated as guarantees.
On the technical side, Solana’s fundamentals remain active:
- Firedancer validator client is live on mainnet, targeting throughput of up to one million transactions per second, per CoinDesk.
- The Alpenglow upgrade has cut block finality down to roughly 150 milliseconds.
- Japanese exchange bitFlyer is set to open SOL trading on June 24, 2026, according to CoinMarketCap.
At the same time, activity on Solana’s meme-coin launch platform Pump.fun has slowed noticeably this month, and per Yahoo Finance, SOL would need to reclaim the $88 level before a near-term bullish case strengthens. CME Group continues to run SOL derivatives around the clock, keeping institutional interest in the asset alive even as retail speculation has cooled.
Why Attention Is Shifting to Pepeto
The press release frames Pepeto as a beneficiary of that rotation — capital moving away from smaller Solana-based tokens toward Ethereum-based projects with built-in utility. Pepeto’s pitch centers on:
- Zero-fee trading across three chains
- An AI-powered scanner tool
- Smart contracts audited by SolidProof
- 170% APY staking for presale participants
- A planned listing on Binance
The release draws a comparison to early Shiba Inu (SHIB) investors — noting that a modest early SHIB position could have grown enormously without any audit, exchange tooling, or working product behind it at the time. Pepeto’s team argues their token launches with audit, utility, and exchange features already in place, something neither SHIB nor DOGE had in their early days.
It’s worth noting this is a forward-looking comparison made by the project itself, not an independent performance guarantee — past meme-coin returns are not predictive of future results, and the vast majority of presale tokens do not replicate SHIB- or DOGE-scale outcomes.
FAQs
Will Solana realistically hit $600?
Only in the long-term bull-case scenario from InvestingHaven, based on Michael van de Poppe’s analysis — not a near-term target. SOL is currently trading at $71.68.
What’s the core pitch behind Pepeto?
A working exchange infrastructure (zero fees, AI scanning tool), audited contracts, and staking rewards, bundled into a presale that has raised over $10.29 million so far.
