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Reblogged by kornel ("Kornel"):
web3isgreat@indieweb.social ("web3 is going just great") wrote:
Solana memecoin frenzy sparks trend of incredibly racist meme tokens
March 22, 2024
https://www.web3isgoinggreat.com/?id=solana-racist-memecoins
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- Solana memecoin frenzy sparks trend of incredibly racist meme tokens Solana memecoin trading has been booming lately, with people making money by speculating on tokens themed around various memes and jokes. Amid an explosion in trading innocuously-named meme tokens like dogwifhat has also been a rise in blatantly racist tokens, named after racial slurs, featuring racist caricatures, or named after antisemitic conspiracy theories. The tokens became so popular that projects showing newly-released tokens, like DEXScreener, became full of such tokens. DEXScreener released a statement on Twitter to say that "We'll be reviewing our token profile moderation policy in the coming days. We won't be the gatekeepers of what happens on-chain, but we're definitely not here to spread hate." The replies to the tweet were, predictably, full of people accusing DEXScreener of "censorship" and "going woke". (remote)
