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.
Cheng Yuan
