🌐🚀 The Avalanche Foundation is revising its investment strategy, deciding to exclusively support meme coins created within the Avalanche blockchain! 🚀🌐

According to a blog update, the fund is now focusing on meme coins whose assets are minted exclusively in the Avalanche ecosystem. Selection criteria include total liquidity of at least $200,000 and more than 50 liquidity providers. Even new meme coins can be accepted if they have a market capitalization greater than $1 million and average daily trading volume on the Avalanche DEX system of at least $100,000 over a two-week period.

The Foundation notes that meeting the criteria does not guarantee support for the coin. In a surprising move, it did not support widely used meme coins, focusing solely on those that "natively exist only in the Avalanche ecosystem."

While specific details about the meme coin investment have not been revealed, one coin, Coq Inu (COQ), saw a 14% increase in price following the announcement. However, the Avalanche Foundation reserves the right to determine which coins are included and change the criteria at its discretion. 🌐🚀