Cardano Founder Says Cardano Safe From Jim Cramer Endorsement: Details

Cardano founder Charles Hoskinson is cautious of the Inverse Cramer effect, particularly after Solana co-founders met with the CNBC Mad Money host.

Solana could be in trouble, a reaction from Hoskinson suggests. Notably, he teased this in an X post following a meeting between Solana’s top stakeholders and Jim Cramer in the Mad Money show on Thursday.

Cardano Founder Says Cardano Free of Cramer’s Endorsement

Specifically, Hoskinson stated that Cardano “is marked safe” from Cramer’s endorsements, taking a subtle jab at the prominent market analyst. His reaction came in response to a post from Solana’s official account featuring Cramer, Solana co-founders Anatoly Yakovenko and Raj Gokal, alongside Multicoin Capital’s managing partner Kyle Samani.

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The trio showed up at the New York Stock Exchange to celebrate the launch of the Bitwise Solana Staking ETF (BSOL) on the exchange on Thursday. After the event, the post shows that they met up with Cramer, who hosts his “Mad Money” show in the NYSE building every weekday.

Meanwhile, the post has since gone viral, with Cramer’s effect the central point of the humorous discussion across crypto circles. Notably, the “Inverse Cramer” effect ties to the TV host, a concept that suggests his predictions and endorsements usually go the opposite way.

Even the Solana account admin teased this concept with his “work your magic” caption, along with a tearful emoji. Hoskinson jumped into the conversation, claiming that Cardano remains safe as Cramer has not yet endorsed the project.

Community Reactions Trail Hoskinson’s Comment

For the uninitiated, there have been several instances where the Mad Money host has made predictions that have ultimately led to an opposite outcome.

While he accurately predicted a bounce for the crypto market on October 22, he has not nailed most of his other assertions. Recall that Bitcoin lost $130 billion from its market cap after Cramer endorsed the asset in November 2024, calling it “a winner.”

Meanwhile, some reactions followed this view, with users asking Cramer not to mention Cardano. Some others suggested that Solana might correct from here, with a particular comment calling the endorsement “fatal” and joking that “they are never going to recover from this.”

The reactions on the Solana post also have similar sentiments. Solana enthusiasts joked about the meeting, hoping he is bearish on the project. Some noted they were selling their SOL bags, with a reaction stating that “Solana speed about to meet cramer lag.”