Did Jim Cramer Just Pump Crypto Stocks With New Meme Acronym?

Key Points

1. Jim Cramer suggested the acronyms PARC (Palantir, Applovin, Robinhood, Coinbase) or CARP (Coinbase, Applovin, Robinhood, Palantir), referencing his past creation of the FAANG acronym.

2. Coinbase's shares have risen over 50% since January 1, 2025, benefiting from the Bitcoin bull run, while Robinhood offers commission staking for ETH and SOL.

3. The Czech central bank disclosed adding $18 million worth of Coinbase stock to its balance sheet.

4. Cramer used a bullish metaphor about cryptocurrencies, mentioning a 'ripple' before a wave of deals, which some interpreted as positive for Bitcoin.

5. Some outlets misreported Cramer's comments about JPMorgan Chase CEO Jamie Dimon 'going all in on crypto,' though Cramer clarified he was joking about taking bets on the matter.