Coinbase faces backlash as newsletter to customers calls Pepe a ‘hate symbol'

Coinbase, one of the world's largest cryptocurrency exchanges, has faced significant backlash after sending a newsletter to its customers that referred to Pepe (PEPE), a popular meme-inspired token, as a “hate symbol.”

Timeline of Pepe

Anger has erupted over a Coinbase customer email claiming Pepe represents hate ideology. Borovik.eth posted a screenshot of the “What you should know about PEPE” portion of the email.

PEPE, a meme coin that has seen its popularity rise over the past few days, has seen an abrupt price plunge over the past five days. PEPE price hit an all-time high of $0.000004354 on May 5 before dropping to $0.000001666 at press time.

The cryptocurrency trading platform owned by Coinbase Global Inc. (NASDAQ:COIN), has come under fire for allegedly describing Pepe, a popular internet meme, as a “hate symbol” in an email sent to its customers. What Happened: The email cited a decision by the Anti-Defamation League to place the frog-themed meme in its online hate symbol database in 2016.

Crypto exchange Coinbase sent emails to its users about Pepe Coin (PEPE) frenzy and meme coin trading reaching a two-year high. While Coinbase referred to Pepe the Frog meme-based PEPE token as “the memecoin of the moment,” it said, “Over time it has been co-opted as a hate symbol by alt-right groups, according to the

Milady Meme Coin (LADYS) has witnessed a meteoric rise of 7300% in just 24 hours after a tweet by billionaire entrepreneur Elon Musk. What Happened: The tweet featured a character from the Milady Maker NFT project and the caption “there is no meme, I love you.

Gemini, the cryptocurrency exchange co-founded by Tyler and Cameron Winklevoss, has surged into the top 50 holders of the meme-based cryptocurrency Pepe (Pepe) less than 24 hours after listing it on their platform.

David Gokhshtein, founder of Gokhshtein Media and a prominent cryptocurrency influencer, has sent an open letter to Elon Musk, the CEO of Twitter, asking him whether or not he has been censoring tweets.

Crypto whales are excited about the Pepe (CRYPTO: PEPE) token, even though it nose-dived nearly 60% in value from its all-time highs over the last two days. One whale withdrew a staggering 1.4 trillion Pepe tokens, valued at $2.76 million, from the Binance exchange when the price was $0.000002054.

Popular cryptocurrency influencer, founder of Gokhshtein Media David Gokhshtein has addressed Twitter boss Elon Musk, wondering if he has been suppressing tweets and memes related to Pepe (PEPE) meme cryptocurrency.

Crypto Market News: The PEPE Coin took the crypto market by storm as it zipped past the top 100 crypto token club in terms of market size in a space of just two weeks. The frenzy around the cryptocurrency is now spread to various other memecoins, while the rest of the crypto market has been