Popular and followed closely by Turks altcoin AvalancheA new move came from.
Accordingly, the person who made a statement from account X Avalanche Foundation announced that it will begin purchasing meme tokens.
AVAX Foundation, which announced that it will purchase some mem tokens within the scope of the Culture Catalyst program, which was launched last year, stated that these mem tokens are only AVAX He said it would be based.
“Last year, the Avalanche Foundation launched Culture Catalyst, a program aimed at empowering creators, fostering innovation, and encouraging the adoption of blockchains.
At this point, the Avalanche Foundation plans to begin using Culture Catalyst to recognize and promote the culture and entertainment that meme coins symbolize by purchasing select Avalanche-based meme coins to create a collection.
The selection process for the Mem token collection is based on several key criteria, including the number of holders, liquidity thresholds, maturity of the project, fair launch principles, and general social sentiment, among other factors.
“The Avalanche Foundation is committed to supporting diverse and culturally significant initiatives, establishing its position as an adaptable and inclusive participant in the Web3 space.”
After this statement by the Avalanche Foundation, AVAX-based mem tokens COQ, husky (HUSKY) and shibx (SHIBX) Many Avalanche-based memecoins, including , have surged up to 25% in the last 24 hours.
It was noted that, according to CoinGecko’s data, most of these increases occurred after the Avalanche Foundation announced that it would buy Mem Tokens.
Post statement AVAX The price also increased by up to 6% and reached 42 dollars. AVAX continues to trade at $41.9 at the time of writing.
*This is not investment advice.
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