It is. That folks think this is a racist gesture. It is not. At all. It was started as a prank and way too many people fell for it. Like now.
https://www.vox.com/2018/9/5/17821946/white-power-hand-signal-brett-kavanaugh-confirmation-hearing-zina-bash-4chan
The origins of the okay hand signal troll
As the ADL’s Pitcavage explained last year, this whole story was fueled, like so much internet nonsense before it, with a 4chan trolling effort.
In February 2017, Pitcavage writes, a 4chan user proposed an effort called “Operation O-KKK” in which he and allies would, in the anonymous user’s words, “flood Twitter and other social media websites … claiming that the OK hand sign is a symbol of white supremacy.” Here’s the original 4chan post, as shared by KnowYourMeme:
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4chan post originating “Operation O-KKK”
KnowYourMeme
The choice of the okay symbol for the prank, as KnowYourMeme editor-in-chief Brad Kim explains, was not totally arbitrary; “Sometime during the 2016 United States presidential election,” Kim writes, “Pizza Party Ben and Milo Yiannopoulos began making the gesture together at various events supporting the candidacy of Donald Trump.”