Avalanche Foundation Earmarks $100M to Buy Meme Coins Meeting Strict Criteria
• Avalanche Foundation reveals criteria for buying meme coins, including fair launch, low supply concentration, minimum holders, market cap, trading volume, and liquidity
• Part of $100M Culture Catalyst Program to fund community coins and boost engagement
• Meme coins criticized as waste of resources, but Foundation believes they have cultural value
• Coins must have 2,000+ holders, $1M+ diluted market cap, top owners under 60% supply to qualify
• Foundation has already bought some coins as part of program, but has over $90M left to deploy