Avalanche Foundation to Purchase Collection of Meme Coins for "Culture Catalyst" Program

The Avalanche Foundation plans to purchase a collection of meme coins under its "Culture Catalyst" program to broaden its portfolio. The selection process for the meme coin collection will be based on criteria such as the number of holders, liquidity thresholds, and overall social sentiment. The Foundation believes that meme coins represent the collective spirit and shared interests of diverse crypto communities. However, some experts warn that meme coins have nothing to support their price once the hype dies out and are not a sound investment.