Avalanche Considers Buying Meme Coins to Celebrate Crypto Market Diversity
• The Avalanche Foundation is considering buying meme coins as part of a project recognizing distinct crypto market niches
• Meme coin purchases would be based on criteria like holder count, liquidity, maturity, fair launch principles, and sentiment
• Avalanche-based meme coins like COQ, HUSKY, and SHIBX have rallied 25% since the announcement
• Meme coins offer cultural appeal and represent diverse crypto communities beyond just utility
• A trader turned $450 of COQ shortly after issuance into over $2.5 million in gains