DeFi Firm Sets $10,000 Solana Price Target
DeFi Development Corp. has published a new valuation framework for the cryptocurrency Solana (SOL), setting a price target of $10,000. The company, which holds SOL in its treasury, introduced a non-traditional model for valuing Layer 1 tokens.
- To reach the $10,000 target, Solana's price would need to increase by more than 34 times its all-time high of approximately $293. As of February 23, 2026, Solana was trading at roughly $79. - DeFi Development Corp. is the first U.S. public company with a treasury strategy focused on accumulating and compounding Solana. The company aims to provide investors with direct economic exposure to SOL and generates revenue by operating its own validator infrastructure and staking the SOL it holds. - The company is led by CEO Joseph Onorati, who was appointed in April 2025. Its Chief Strategy Officer is Dan Kang and its CFO is John Han, who previously worked at Goldman Sachs, Kraken, and Binance. - In 2025, DeFi Development Corp. reported raising approximately $378 million and accumulating over 2 million SOL in its treasury. The company has a stated goal of increasing its "Solana per share" from a current level of 0.08 to 1.0. - Other analyst predictions for Solana vary widely, from short-term bearish calls for a drop to between $30 and $50 to more bullish long-term targets. An average analyst forecast for 2026 sits around $425, while British bank Standard Chartered has predicted SOL could reach $2,000 by 2030. - Solana is a top 10 cryptocurrency by market capitalization, with a market cap of over $45 billion as of late February 2026.
