Solana Faces Max Keiser’s Bearish Scrutiny

In his latest Twitter post, Bitcoin advocate Max Keiser once again criticized Solana (SOL) and XRP tokens.

Keiser, known for his outspoken and humorous style, presented a bearish prediction on the future of SOL.

Labeling the Solana blockchain a “rug pull,” Keiser expressed his belief that SOL is nothing more than “centralized garbage.” In his typical harsh tone, he asserted a mathematical guarantee that SOL will eventually plummet to trade “at virtual zero against Bitcoin.”

Max Keiser’s Predictions for Solana

Since Jan. 11, Solana’s native token SOL has experienced a significant 26% decline, dropping from its peak of $107. The momentum coincided with a brief surge in Bitcoin following the approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission. SOL briefly reached a low of $79.34 on Jan. 23.

In his tweet, Keiser seized on this recent price downturn, confidently predicting that Solana would inevitably trade close to zero against the leading global cryptocurrency and digital gold, echoing a similar sentiment he recently shared about XRP.

https://twitter.com/maxkeiser/status/1749778171774300601?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener

In the past 24 hours, the targeted token recovered more than 10%, bringing its price back to $87.66. Notably, the Bitcoin advocate had made a bearish prediction about Solana at the beginning of the year, foreseeing a drop to $20. The token experienced a swift 15% decline to $96, which was still far from the $20 target.

Turning his attention to another altcoin, Keiser criticized XRP, claiming that the Ripple-linked coin would eventually crash to $0.01. Keiser staunchly supports the view that Bitcoin is the only truly decentralized cryptocurrency, emphasizing its origin as the creation of a single individual, Satoshi Nakamoto, who mysteriously disappeared from public view soon after the release of BTC.

In contrast, he dismisses altcoins as “centralized garbage” due to their team-based creation by IT engineers. Keiser also aligns with the SEC in its legal action against Ripple.