Avalanche Foundation bought five meme coins to support Web3 communities and boost blockchain innovation.
The acquired coins include Tech, Coq Inu, Gecko, Kimbo, and NoChill, each meeting the Foundation’s criteria.
The Avalanche Foundation, a custodian of the Avalanche blockchain, has announced its investment in five meme tokens, signaling a strategic move into the burgeoning meme token space. These tokens, selected based on specific criteria, have observed notable increases in trading volume.
The investment strategy of the Avalanche Foundation focused on meme tokens with unique themes, such as Avax has no chill (NOCHILL), chicken-themed Coq Inu (COQ), gecko-themed Gecko (GEC), dog-themed Kimbo (KIMBO), and gecko-themed Gecko (GEC). Their daily cumulative trading volumes, which have regularly topped millions of dollars, were the basis for these decisions.
Meme coins saw a spike in trading activity once Avalanche’s investment was revealed, outpacing an overall decline in the market.

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