Meme-coins based on the Avalanche network make a significant surge with 100 percent and 200 percent price growth in just 24 hours. 
It is reported that the recent decision of the Avalanche Foundation to accumulate these meme coins fueled the price growth. 
Meme-coins, despite being subjected to heavy criticisms for lack of roadmaps and technical breakthroughs, have established themselves as an integral part of the crypto ecosystem over the past couple of years. This asset class was earlier limited to being either an L1 or an ERC-20 token. However, it has gradually evolved to appear on other chains including Solana and Avalanche. 
In just 24 hours, some meme coins on the Avalanche network have made a whopping 100 percent surge with others recording a 200 percent surge within the same period. Red Ponzi Gud (RPG) for instance surged by 216% before losing some of the accumulated values. Team Rocket (ROCKET) also made a 107% surge. However, the asset had lost 23% of the accumulated value

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