Avalanche Foundation Invests $100 Million in Meme Coins via NFT Incubator FundAvalanche
Avalanche Foundation is investing $100 million in meme coins through its NFT incubator fund, aiming to foster cultural expression. Coqinu, a rooster-themed token, has surged despite acknowledging its valuelessness. This reflects a broader trend in meme coin popularity on the Avalanche network, driven by lower fees and faster speeds. However, caution is advised due to the inherent volatility of meme coins.
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