Avalanche Foundation Announces 5 Meme Coins It Has Invested In! - Coin Newsletter

The Avalanche Foundation, which supports the Avalanche blockchain, has announced the 5 meme coins it holds.

The Avalanche Foundation, which stated last year that it would invest in meme coins in the Avalanche ecosystem and thus support growth for the benefit of the community, announced the projects it has invested in.

On March 14, the team announced that it had invested in Coq Inu (COQ), Gecko Inu (GEC), Kimbo (KIMBO), AVAX HAS NO CHILL (NoChill) and Tech.

COQ is up 100%, KIMBO is up 120%, NoChill is up 130% and GEC is up 170% in the last 1 week.

The Avalanche Foundation has previously stated that the projects it will invest in will encompass its vision of creating a more robust culture in the Avalanche ecosystem.

Each coin held by the Foundation complies with the eligibility criteria set by the Foundation for coin projects. These criteria are designed to assess a particular coin's commitment to Avalanche and fair Web3 practices

Meme coins to be purchased by the Avalanche Foundation must also have at least 2K investors and the top 100 investors must control less than 60% of the coin's total supply, at least $200K liquidity provided by at least 50 liquidity providers, have a market cap of at least $1 million, and have a trading volume of at least $100K per day within a two-week time frame.