TLDR
- Mert Mumtaz, CEO of Helius, made a bold statement about Solana surpassing XRP in market cap.
- Solana has recently experienced a 15.4% drop in value, making it the biggest loser among the top 30 assets.
- Despite Solana’s struggles, Mumtaz remains confident that it will eventually overtake XRP.
- Mumtaz humorously promised to shave his head with a pencil sharpener if Solana fails to flip XRP.
- XRP has shown resilience, with only a 9% drop in value, maintaining its position as the third-largest non-stablecoin asset.
Mert Mumtaz, CEO of the Solana-based tool Helius, made a bold statement regarding Solana’s market position. He expressed confidence that Solana will eventually surpass XRP in market cap. Despite Solana’s recent struggles, Mumtaz remains optimistic about its future growth.
Solana Faces Setback While XRP Maintains Position
Solana has faced a steep decline recently, dropping 15.4% over the past week. The cryptocurrency is now the largest loser among the top 30 assets by market cap. Meanwhile, XRP has shown more resilience, with only a 9% drop during the same period.
XRP’s performance has kept it in the third position among the largest non-stablecoin assets. It has even managed to overtake BNB, which saw a larger drop. XRP’s current market cap stands at $133 billion, while Solana sits at $86.6 billion.
Mumtaz’s Confidence in Solana’s Future
Despite the downturn, Mumtaz remains confident that Solana will eventually surpass XRP. He humorously added that he would shave his head with a pencil sharpener if Solana fails to achieve this.
“If Solana doesn’t flip XRP, I will use a pencil sharpener to shave my head,” Mumtaz stated.
If SOL doesnt flip XRP, I will shave my head with a pencil sharpener for a month
— mert | helius.dev (@0xMert_) November 6, 2025
He emphasized his strong belief in the Solana ecosystem, in which he has built his infrastructure tool, Helius. Mumtaz has previously expressed his confidence in Solana and Zcash, both of which he believes could eventually overtake XRP.
To surpass XRP, Solana must increase its market cap by $46.4 billion. Solana’s market cap grew by $19.11 billion during the Q4 2024 rally. However, it has since shed $4.42 billion in 2025, making the path to flipping XRP more challenging.
Solana would need to see its price rise to $240.3, a 54% increase from its current value. However, XRP may continue to grow as well, which could further complicate Solana’s efforts. Solana’s current price stands at $156, significantly lower than XRP’s $2.22.
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