In politics? I think people are pretty bad at understanding context about people they see as having different values. The way you handle uncertainty is to fill in the blanks with prior knowledge, also known as bias. When someone has a bias against the person, that turns quite ugly.
The same applies to the OK sign.
Flashing it surrounded by notorious racists after the 4chan hoax leaves no doubt about the intended meaning.
Also, given that's it's now been coopted by nazis, you may want to be careful when flashing it if you want to avoid embarrassing ambiguities, yes. It was probably a fad in these circles, not sure it is still used, but still.
Trolling is a meaning. I think in that situation it’s even more ambiguous since the “troll power” is so much greater then.
I think it’s unambiguous that the user is a shit-stirrer certainly, probably an asshole. But not necessarily racist. Or no more so than your average run of the mill “everyone is racist subconsciously” racist.
I think what’s hard is that it’s a negative thing to do that brings more chaos and harm into the world. It could be racist/white power that is super bad, let’s say 100 on the bad-o-meter. Or it could be trolling the pearl clutchers that is mildly bad, let’s say 11 on the bad-o-meter. And for scale, punching someone in the face is 200 and murdering someone is 1000.
Haha, only serious...
Hence, ultimately, a racist (if layered) symbol in this context. It's not been flashed as a joke by non-racist people.