Yes, it explicitly did. It actually doesn't even represent sexuality itself. It's actually supposed to represent a kind of liberation of emotion and lifestyle in a relatively vague way. Only red represents love. Pink, which was removed, included sex.

However, Queer Revolutionaries can't stop at that. They are creating a kind of Sexual Bolshevism where they are creating a vast swathe of "coalition of the margins" of different categories to use as a blunt-force weapon in the political sphere.