Helius CEO Mert Mumtaz has revealed plans for the upcoming launch of Solana's next mainnet version, titled v1.18, scheduled for May 27, 2024, though this date remains tentative. The aim is to tackle congestion issues that have been impacting the network's efficiency and performance, with expectations that the launch will not only address these concerns but also enhance the platform's overall functionality.

Mert expresses optimism about the update and release date, noting community anticipation and efforts to improve product performance to meet the deadline smoothly. The announcement has positively influenced SOL, Solana's native token, which saw a 1.93% increase to $158.54 at the time of writing, with speculation of reaching the $200 milestone. This is supported by factors such as the Bitcoin Halving and the upcoming mainnet launch, expected to drive a bullish trend.

Solana has shown a 12.22% increase in the last 7 days, with similar trends in 24-hour volume and market cap, up by 7.07% and 1.80%, respectively. However, potential token auctions through FTX Estate could pose challenges, as the platform seeks to alleviate financial pressures. Despite Bitcoin's current stable performance, forecasts suggest it could reach $100k by the end of 2024, impacting altcoins and meme coins with reduced miner rewards and scarcity in circulation.

SOL's potential rise to $200 by year-end is bolstered by the Mainnet v1.18 launch, assuming favorable conditions align for the update's timely release on May 27, 2024.