{"id":270191,"date":"2024-03-23T06:18:55","date_gmt":"2024-03-23T00:48:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=270191"},"modified":"2024-03-23T06:18:55","modified_gmt":"2024-03-23T00:48:55","slug":"solana-ceo-anatoly-yakovenko-denounces-influx-of-racist-and-offensive-memecoins-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/solana-ceo-anatoly-yakovenko-denounces-influx-of-racist-and-offensive-memecoins-crypto-news\/","title":{"rendered":"Solana CEO Anatoly Yakovenko denounces influx of racist and offensive memecoins – Crypto News"},"content":{"rendered":"
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Members of the Solana community and the crypto ecosystem denounced the recent surge in inflammatory memecoins on March 22.<\/p>\n

Unknown parties recently took advantage of Solana\u2019s token creation feature to introduce thousands of memecoins with racist and antisemitic terminology in their names, some tokens also contained anti-China descriptions and other broadly offensive material.<\/p>\n

Solana<\/a> founder and CEO Anatoly Yakovenko<\/a> spoke out against the trend on X, simply stating<\/a>:<\/p>\n

\n

\u201cF\u2019 these anti-Semitic racist incels.\u201d<\/p>\n<\/blockquote>\n

DEX Screener responds<\/h2>\n

DEX Screener, a popular third-party service that monitors tokens on various blockchains, including Solana, said<\/a> it would review its policies following the high rate of offensive memecoin launches in recent days.<\/p>\n

The company said:<\/p>\n

\n

\u201cWe won\u2019t be the gatekeepers of what happens on-chain, but we\u2019re definitely not here to spread hate.\u201d<\/p>\n<\/blockquote>\n

The platform\u2019s documentation<\/a> indicates that all data is currently handled in real time \u201cwithout any human moderation or intervention.\u201d<\/p>\n

As of press time, the trend has slightly diminished. However, it is unclear whether DEX Screener has taken action against it.<\/p>\n

Molly White of web3isgoinggreat suggested that<\/a> the offensive tokens initially filled DEX Screener, few of those tokens are currently trending on the platform\u2019s main page. Furthermore, memecoins representing backlash against the harmful content are trending, including \u201cStop Racism on Solana\u201d and \u201cF\u2014 DEX Screener.\u201d<\/p>\n

Memecoin frenzy<\/h2>\n

The crypto industry has been gripped by a memecoin frenzy for months now, driven primarily by the blistering surge in value seen by BONK and WIF, among others.<\/p>\n

Solana\u2019s cheap costs and fast transactions have positioned it as the main benefactor of the surge in memecoin trading, with a significant percentage of the trading volume occurring on the network.<\/p>\n

SolanaFM recently reported<\/a> that more than 20,000 new tokens are created daily on the network. Solana\u2019s rising token count is accommodated by its comparatively low transaction fees, which make creating new tokens more affordable than on other blockchains.<\/p>\n

For example, whereas the average Ethereum transaction fee<\/a> is above $9.00, Solana transactions typically cost a fraction of a cent \u2014 though actual transaction costs on each chain may vary.<\/p>\n

Over the past 24 hours, all but 5 of the 50 top trending cryptos on DEX Screener circulated, at least in part, on Solana.<\/p>\n

Mentioned in this article<\/h6>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Members of the Solana community and the crypto ecosystem denounced the recent surge in inflammatory memecoins on March 22. Unknown parties recently took advantage of Solana\u2019s token creation feature to introduce thousands of memecoins with racist and antisemitic terminology in their names, some tokens also contained anti-China descriptions and other broadly offensive material. Solana founder […]<\/p>\n","protected":false},"author":2,"featured_media":270192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-270191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/270191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=270191"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/270191\/revisions"}],"predecessor-version":[{"id":270194,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/270191\/revisions\/270194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/270192"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=270191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=270191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=270191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}