Over the past 12 hours, Solana Foundation has been at the center of criticism due to an ad perceived to mock gender identity issues, as voiced by some critics.
What Solana Ad Are We Talking About?
The ad, posted on March 17, featured a skit where 'America' went for a therapy session. There, he was told to 'focus on pronouns' and 'come up with new genders' instead of pursuing technological progress. The ad secured over a million views quickly and got likes and retweets from many top Solana supporters.
Outraged Crypto Enthusiasts Backlash
Rather than promoting the Solana Accelerate conference, the ad irked community members. Some angry individuals labeled it an unnecessary political act. Blocknative's COO, Sean O'Connor, pointed out Solana's insensitivity, stating it comes at a time when 'trans people are being denied passports and erased by the government.'
Solana's Outlook Amidst the Backlash
As of this writing, SOL has seen a 4.1% price dip and is trading at $123.23. Its trading volume stands at $2.67 billion, with a marginal increase of 5.39% over the last 24 hours. Such price action may not directly link to the backlash from the community, as SOL is already having a tough week.
Amidst the mixed reactions to the ad, Solana continues to face challenges in its growth, with declining network metrics despite its recent fifth anniversary celebration.
