«I do think you’re an idiot.» Jim Cramer speaking to crypto investors.Bitcoin price: $16,650
— Altcoin Daily (@AltcoinDailyio)
Solana Price: $4.32
Solana’s Wild Market Ride And Cramer’s Critique
Jim Cramer is a popular and often polarizing host on CNBC. While many of his statements and arguments have been met with violent reactions, some of his comments and predictions came true. For example, in 2022, Cramer hit a few tokens, including Solana. Solana had a wild market ride in the last two years, defined by extreme volatility.In 2022, JIM CRAMER CALLED PEOPLE BUYING SOLANA AT 11$ AS «STUPID» And Solana is trading over 170$+ now. Bro is that you ser? Lemme be stupid but am still up than your whole stocks. — Crypto King👑💎.eth.sol (@cryptosanthoshK)After the FTX fiasco, Solana hit single digits, provoking backlash and criticism from analysts and commentators, including Cramer. The anchor belittled the SOL holders as “idiots” when the token was trading at $11.
Crypto Holders Now Popularize The Inverse Cramer Effect
Like most tokens, Solana experienced extreme volatility in the last two years. Jim Cramer was one of the most vocal detractors of the token, saying that holders of SOL “are idiots” and that these are con projects. In the same TV show, he added that SOL holders should not own and buy these tokens in the first place. However, current pricing for SOL paints a different picture.Cramer’s “Idiot” Comment’s Aftermath
Today, CNBC’s Cramer continues to get media attention. In September, several Twitter/X users and analysts reacted to Cramer’s bearish outlook for Bitcoin, saying that a market rally for the top crypto is next. Although Cramer’s take is laughable or even frustrating at times, his observations can also help the crypto community move forward. These contrarian opinions and comments remind holders and traders to be careful with narratives and “praise releases.” Practicing due diligence is always better when trading SOL or other tokens.Featured image from CNBC, chart from TradingView