Solana blockchain overrun with racist memecoins in latest cryptocurrency trend

By now, you’ve likely heard of Dogecoin, the popular cryptocurrency named after the popular “doge” internet meme. During the last cryptocurrency boom, buoyed by the few successful examples like Dogecoin and the similarly-inspired Shiba Inu coin, memecoins became pretty popular among get-rich-quick scammers looking to make fast money with quick pump-and-dump schemes.The memecoin craze is now once-again very popular among the cryptocurrency community, especially on the Solana blockchain. But, over the past few days, the memecoins haven’t been based on cute internet animal memes. No, they’ve been named after incredibly racist slurs and concepts. SEE ALSO: Watch the Elon Musk interview that probably ended Don Lemon’s partnership with Twitter/X Among some of the new memecoins you can find on decentralized crypto exchanges now? Numerous cryptocurrencies with the n-word, a token called “Jews did 9/11,” and “NAZI,” which appears on exchanges as just a swastika as its trading symbol. A listing of some of the racist memecoins on the Solana blockchain. Credit: Mashable screenshot What’s happening?Bitcoin’s value rose to a new all-time high this month, soaring past $70,000 for the very first time. Many cryptocurrency tokens have also risen in value alongside Bitcoin over the past few weeks, in a minor crypto resurgence the likes of which hasn’t been seen since the market crashed in 2022.With all of this money moving in the market, some memecoins have also seen a sudden spike in value too, especially those deployed on the Solana blockchain. Solana has raised hundreds of millions in VC funding…Solana blockchain overrun with racist memecoins in latest cryptocurrency trend