Jim Cramer Said You ‘Shouldn’t Hold’ Solana When It Traded At $11 In 2022—Now It’s Trading At $166
Solana (CRYPTO: SOL), launched in March 2020, has risen more than 15-fold, driven by a robust ecosystem supporting various meme coins.
What Happened: In 2022, Jim Cramer labeled Solana and other tokens like Litecoin as “idiot investments” on CNBC. At that time, Solana traded at $11 with a market cap below $5 billion. Today, it’s trading around $166, with its market cap surging to $82.5 billion.
Solana has gained 304% in the last year, reaching a cumulative return of 20,049%, surpassing Bitcoin’s 103% rise over the same period.
According to CoinGecko, the Solana meme market cap is currently around $11.4 billion, though it has seen a 3.4% dip in 24 hours. Popular tokens in this sector include Dogwifhat (CRYPTO: WIF), Popcat (CRYPTO: POPCAT) and …
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