Racist Memecoin Fallout Offset by Positive Trends in Sector
Racist Memecoin Fallout Irks Crypto Community
In recent months, the popularity of memecoins surged within the crypto ecosystem, with origins rooted in beloved internet animal memes. However, the emergence of new memecoins bearing offensive names and symbols led to swift condemnation from the cryptocurrency community.
- Camila Russo and Hayden Adams advocate for filtering and delisting racist memecoins.
- DEX Screener announced plans to reassess its token profile moderation policy.
Protocols should be permissionless. But if you run a frontend with the ability to easily block these disgusting racist tokens, you should.
Positive Developments Amidst Controversy
Despite the negativity surrounding racist memecoins, initiatives like Stop Racism on Solana and Floki-powered banking services showcase positive trends within the sector.
- A memecoin named Stop Racism on Solana has surged by around 19,000% in the last 24 hours.
- Floki memecoin developers plan to introduce banking services for token holders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.