Members of the Solana group and crypto ecosystem on March 22 condemned the latest proliferation of inflammatory meme cash.

An unidentified social gathering not too long ago leveraged Solana's token creation capabilities to introduce hundreds of meme cash with racist and anti-Semitic phrases of their names. Some tokens additionally contained anti-Chinese language language and different broadly offensive content material.

Solana founder and CEO Anatoly Yakovenko spoke out towards the X development. simply stating:

“Kill the anti-Semitic racist incels.”

DEX screener responds

DEX Screener is a well-liked third-party service that screens tokens on numerous blockchains, together with Solana. Mentioned The corporate will seemingly overview its insurance policies following the excessive frequency of offensive meme cash being issued in latest days.

The corporate said:

“We is not going to be gatekeepers to what occurs on the chain, however we aren’t right here to unfold hate.”

The platform's documentation states that each one information is at the moment processed in real-time “with none human coordination or intervention.”

As of this writing, this development has decreased barely. Nevertheless, it’s unclear whether or not DEX Screener took motion towards it.

Molly White of web3isgoinggreat prompt that whereas offensive tokens initially crammed the DEX Screener, only a few are at the moment trending on the platform's predominant web page. Moreover, meme cash expressing backlash towards dangerous content material are trending, reminiscent of “Cease Racism on Solana” and “F-DEX Screener.”

meme coin craze

The cryptocurrency business has been experiencing a meme coin frenzy in latest months, primarily pushed by the wild rise in worth of cash like BONK and WIF.

Solana has been a serious beneficiary of the surge in memecoin buying and selling because of its low prices and quick transactions, with a major proportion of buying and selling quantity going down on the community.

Solana FM not too long ago reported Over 20,000 new tokens are created on the community on daily basis. Solana's development in token numbers has been matched by comparatively low transaction charges, making the creation of recent tokens extra reasonably priced than different blockchains.

For instance, the typical Ethereum transaction charge is over $9.00, whereas Solana transactions usually value a fraction of a cent. Nevertheless, the precise transaction prices for every chain could range.

Previously 24 hours, all however 5 of DEX Screener's high 50 trending cryptocurrencies circulated not less than partially on Solana.

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