TLDR
- Charles Hoskinson stated that Cardano remains protected from Jim Cramer’s endorsements, following a meeting between Solana executives and the CNBC host.
- Solana co-founders Anatoly Yakovenko and Raj Gokal met with Jim Cramer on Thursday following the launch of the Bitwise Solana Staking ETF.
- Hoskinson referenced the Inverse Cramer effect, which suggests that the host’s predictions typically produce opposite results for endorsed assets.
- Bitcoin lost $130 billion in market value after Cramer called it a winner in November 2024.
- The Cardano founder posted on X that Cardano is marked safe from Cramer’s endorsements.
Charles Hoskinson stated that Cardano remains protected from Jim Cramer’s endorsements, following a meeting between Solana executives and the CNBC host. The Cardano founder made this comment following a Thursday appearance by Solana co-founders on Mad Money. His statement referenced the “Inverse Cramer” effect that often affects endorsed assets.
Cardano Founder Reacts to Solana Meeting With Jim Cramer
Hoskinson posted on X that Cardano “is marked safe” from Cramer’s endorsements. He responded to content from Solana’s official account, which featured the CNBC host alongside project leaders. The meeting took place after the Bitwise Solana Staking ETF launched on the New York Stock Exchange.
Solana co-founders Anatoly Yakovenko and Raj Gokal attended the exchange event with Kyle Samani from Multicoin Capital. They celebrated the BSOL launch before meeting Cramer at the NYSE building. The Mad Money host films his show at this location every weekday.
The Solana account administrator posted the meeting photo with a “work your magic” caption and tearful emoji. This caption referenced Cramer’s track record of predictions going in opposite directions. Hoskinson joined the conversation by claiming Cardano stays secure without Cramer’s endorsement.
Understanding the Inverse Cramer Effect on Crypto Assets
The “Inverse Cramer” concept suggests that Cramer’s predictions typically produce opposite results. Bitcoin lost $130 billion in market value after Cramer called it “a winner” in November 2024. This incident reinforced the pattern among crypto investors.
Cramer correctly predicted a crypto market bounce on October 22, but most other predictions failed. Multiple instances demonstrate that his endorsements have led to contrary outcomes for various assets. The pattern has become a running joke in crypto communities.
Users asked Cramer to avoid mentioning Cardano in response to Hoskinson’s post. Some commenters predicted that Solana might experience a price correction after the meeting. One user called the endorsement “fatal” and joked about recovery prospects.
Community Reactions to Solana and Cardano News
Solana enthusiasts reacted with humor to the Cramer meeting and its potential implications. Some stated they would sell their SOL tokens following the endorsement. One comment mentioned “Solana speed about to meet cramer lag” as a joke.
The viral post sparked discussions across crypto circles about the host’s market influence. Reactions focused on the pattern of endorsed assets moving contrary to predictions. Community members expressed concern about Solana’s price trajectory after the meeting.
Cardano supporters welcomed Hoskinson’s statement about staying clear of Cramer’s endorsements. The founder’s comment reassured the Cardano community that they would avoid the inverse effect. His post gained traction as crypto investors discussed the potential impact of the meeting.
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