Avalanche Foundation to Integrate Meme Coins into Culture Catalyst Program

The initiative aims to empower creators and accelerate blockchain adoption, with select Avalanche-based meme coins being purchased to create a specialized collection.

• The Avalanche Foundation announced a new initiative to integrate meme coins into its Culture Catalyst program, aiming to empower creators and accelerate blockchain adoption.
• The foundation will purchase select Avalanche-based meme coins, creating a specialized collection that reflects the fun and communal ethos these coins represent.
• The selection process for the meme coin collection involves multiple criteria, including the number of holders, liquidity thresholds, project maturity, adherence to fair launch principles, and overall social sentiment.
• The initiative is part of Avalanche's broader strategy to better position itself in supporting the evolving dynamics of blockchain and its applications.
• After the announcement, the price of Avalanche-based meme coins including Husky Avax and Coq Inu rose by double-digits.

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