Crypto Group, Sex Toys, and WNBA Games: A Viral Marketing Stunt Gone Wild?

A crypto group is using sex toys thrown at WNBA games as a marketing stunt to protest the 'toxic' crypto environment, sparking debate and raising questions about ethics and impact.

Crypto Group, Sex Toys, and WNBA Games: A Viral Marketing Stunt Gone Wild?

A crypto group is behind the recent incidents involving sex toys being thrown at WNBA games. Their goal? To protest the current state of the crypto world. It's a bold, to say the least, and definitely attention-grabbing tactic.

The Green Dildo Coin and WNBA Disruption

A group of crypto enthusiasts launched Green Dildo Coin (DILDO), a meme coin, in late July to protest what they describe as a "toxic" environment in the crypto world. To coincide with the launch, the group coordinated efforts to throw green sex toys at WNBA games. This caused multiple incidents across different arenas. From Atlanta to Los Angeles, no arena has been safe from neon green objects whizzing from the stands.

The group claims that the green sex toy is supposed to mirror a green candle, and if the price of the candle goes up, it represents volatility, which the spokesman for the meme coin group claims is a trader's dream. The bright color of the object was intentional, he said, to be disruptive and create curiosity.

The Fallout and Repercussions

The incidents have led to arrests and strong reactions. Sparks coach Lynne Roberts called the act "ridiculous, dumb, and stupid," emphasizing player safety and respect for the game. Two people have been arrested on multiple charges for allegedly throwing the objects. Delbert Carver was booked for disorderly conduct, public indecency/indecent exposure and criminal trespass after allegedly throwing a sex toy at the Atlanta Dream's stadium Saturday. And 18-year-old Kaden Lopez was arrested in Phoenix on suspicion of disorderly conduct, assault and public display of explicit sexual material.

Despite the backlash, the crypto group maintains that their intention isn't to harm anyone or disrespect the athletes. They claim it's a stunt to gain attention and a voice in the crowded crypto space.

A Deeper Dive: Pump-and-Dump Concerns

The nature of the group's meme coin raises concerns about a potential pump-and-dump scheme. This strategy involves inflating the price of a coin through marketing, buying large quantities, and then selling it to others before the price crashes. While the group denies this intention, the rapid increase in the coin's value raises eyebrows.

The Bigger Picture: Crypto Regulation and the CLARITY Act

While the sex toy stunts grab headlines, the larger crypto world is focused on regulation. Coinbase is pushing for Congress to pass the Digital Asset Market Clarity Act (CLARITY Act). The CLARITY Act aims to provide clear rules for the crypto market, defining the roles of the SEC and CFTC. It's a move to bring legitimacy and structure to the industry.

Final Thoughts: Is it Worth It?

Whether the WNBA stunt was a stroke of marketing genius or a misguided attempt to disrupt the status quo is up for debate. One thing's for sure, it has garnered attention. The group has also placed a green sex toy on the Wall Street Bull in New York City and shared a video with USA TODAY Sports showing a person with a green sex toy behind the plate at a Major League Baseball game.

Regardless, it sparks a conversation about the lengths some will go to in the pursuit of viral fame. Here's hoping that the future pranks are indeed "lighter" and "more tasteful." But hey, in the wild world of crypto, expect the unexpected, right?