From Nasdaq:

The Avalanche (CRYPTO: AVAX) foundation announced eligibility criteria for community memecoins. The foundation has already started purchasing memecoins and set criteria around security, maturity, and popularity. Memecoins must report at least 2,000 unique holders, more than $200,000 in total liquidity, a market cap of at least $1 million, and an average daily trading volume exceeding $100,000 on Avalanche decentralized exchanges.

Avalanche witnessed a 4% surge in the past 24 hours of trading, cushioning its past month’s losses of 37.4%. Notable memecoins on the leaderboard include Coq Inu, Lizard, and Husky Avax. Memecoin Daddy, Rodney appreciated Avalanche for recognizing the importance of memecoins to the ecosystem.

Youtuber Crypto Atlas noted Sponk as the new memecoin joining the AVAX network while altcoins hunter, Wolf Of Altcoins, provided potential targets of investors’ favourite coins from current levels. Avalanche is making moves in the memecoin space, with a surge in trading and notable memecoins on the leaderboard.



Read more: Avalanche Announces Criteria For $100M Memecoin Purchases, AVAX Tokens Surge