Part 4/9:
The reaction from the crypto community was swift and intense, with comments flooding in from users who felt the ad was divisive and pandering. Industry experts weighed in, revealing a sense of disbelief over Solana's strategic miscalculation. The well-known crypto commentator Adam Cochran described the ad as “bad plain and brutal,” while others referred to it as “toxic” and akin to a failed marketing attempt conceived by an “incel."
This uproar proved detrimental, as Solana's native cryptocurrency, SOL, experienced a sharp decline, dropping nearly 4% to $124 following the ad's backlash. The metrics clearly indicated that the negative sentiment significantly impacted the company’s market performance, raising eyebrows about their strategic decision-making.