Solana Foundation Ad Sparks Reaction From Crypto Community

Within the last 12 hours, Solana Foundation has been at the center of intense backlash because of an ad it posted earlier. According to certain critics, the said ad, which has now been deleted, mocks gender identity issues. 

What Solana Ad Are We Talking About?

The ad, posted on March 17, featured a skit in which “America” went for a therapy session. There, he was told to “focus on pronouns” and “come up with new genders” rather than chase after technological advancement. 

This ad secured over a million views within a short while, with likes and retweets from top Solana supporters.

Unfortunately, most entities have disengaged from the network since the table flipped against Solana. 

Some have deleted their retweets, while others have “Like” X posts about the Solana ad being bad. Even Adam Cochran, a partner at Cinneamhain Ventures, mentioned that support for the ad vanished almost as quickly as it was published.

Outraged Crypto Enthusiasts Backlash Solana For Insensitivity 

Rather than promoting the upcoming Solana Accelerate conference as intended, the ad ended up irking the broader crypto community members. 

A few outraged individuals termed it an attempt by Solana to align with right-wing cultural rhetoric. Another group of angry crypto enthusiasts viewed it as unnecessary political pandering.

Blocknative’s Operating Chief, Sean O’Connor, suggested that Solana was insensitive with its ad. He stated that the post is coming at a time when “trans people are getting denied passports and being erased by the government.” On this premise, he called Solana “tone-deaf.” 

Solana Outlook Amidst Network Backlash 

At this writing, SOL had recorded a 4.1% price dip and was trading at $123.23. 

Its trading volume, which ordinarily reflects the extent of investors’ engagement with the coin and its ecosystem, is currently at $2.67 billion, with only a 5.39% increase in the last 24 hours. This price action may not be attributed to the backslashes from the crypto community, considering that SOL has had a tough week.

Though it recently marked its fifth anniversary, its metrics have declined. Amidst the drop in memevoin hype, Solana’s weekly network revenue plunged from a record $55.3 million in mid-January to just $4 million in early March.