{"id":385418,"date":"2023-12-29T16:33:50","date_gmt":"2023-12-29T16:33:50","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=385418"},"modified":"2023-12-29T16:33:50","modified_gmt":"2023-12-29T16:33:50","slug":"avalanche-foundations-memecoin-acquisition-plan-prompts-200-rally-in-meme-token-prices","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/avalanche-foundations-memecoin-acquisition-plan-prompts-200-rally-in-meme-token-prices\/","title":{"rendered":"Avalanche Foundation’s memecoin acquisition plan prompts 200% rally in meme token prices"},"content":{"rendered":"

Several Avalanche<\/a>-based memecoins are up more than 100% today after the blockchain network's Foundation revealed plans to start buying this class of digital assets through its Culture Catalyst initiative.<\/span><\/p>\n

Memecoin purchase goals<\/h2>\n

In a Dec. 29 post<\/a> on social media platform X (formerly Twitter), Avalanche Foundation said it would purchase “select Avalanche-based meme coins to create a collection” that encourages the “culture and fun” symbolized by these assets.<\/p>\n

The Foundation claimed memecoins “go beyond mere utility assets; they represent the collective spirit and shared interests of diverse crypto communities.”<\/p>\n

However, the Foundation would not be purchasing just any kind of memecoin as it outlined strict selection criteria that will be applied to its potential acquisitions. It said:<\/p>\n

“The selection process for this collection is based on several key criteria, including the number of holders, liquidity thresholds, project maturity, principles of a fair launch, and overall social sentiment, among other factors.”<\/p><\/blockquote>\n

The Foundation concluded that the move aligns with ongoing engagements across its ecosystem, involving non-fungible tokens, real-world assets, and other digital assets deployed on the blockchain network.<\/p>\n

The Avalanche Foundation launched the Culture Catalyst initiative in March 2022 with $100 million in funding to empower creators, spark innovation, and propel the adoption of blockchains.<\/p>\n

Avalanche-based memecoins rally<\/h2>\n

Several Avalanche-based memecoins prices have reacted positively to news of the Foundation's intention.<\/p>\n

Data<\/a> from Coingecko shows that Coq Inu, Shibx, Husky, Landwolf on AVAX, and Bear <\/span>gained as much as over 200% in the past 24 hours, most of which came after the news.<\/p>\n

Generally, memecoins have historically faced skepticism from traditional blockchain enthusiasts due to their speculative nature and their perceived lack of utility. However, some of these assets, including Dogecoin<\/a>, Shiba Inu<\/a>, Bonk<\/a>, and Pepe<\/a>, have gone mainstream<\/a> and have helped attract more people into the blockchain industry.<\/p>\n

Thus, these assets play an integral yet unacknowledged role in the broader cryptocurrency industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

Several Avalanche-based memecoins are up more than 100% today after the blockchain network’s Foundation revealed plans to start buying this class of digital assets through its Culture Catalyst initiative. Memecoin purchase goals In a Dec. 29 post on social media platform X (formerly Twitter), Avalanche Foundation said it would purchase “select Avalanche-based meme coins to […]<\/p>\n","protected":false},"author":720,"featured_media":385437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76736],"tags":[79211,79212],"post_folder":[],"acf":[],"yoast_head":"\nAvalanche Foundation's memecoin acquisition plan prompts 200% rally in meme token prices<\/title>\n<meta name=\"description\" content=\"Avalanche Foundation plans to purchase memecoins leads to massive token price rally for these digital assets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/avalanche-foundations-memecoin-acquisition-plan-prompts-200-rally-in-meme-token-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avalanche Foundation's memecoin acquisition plan prompts 200% rally in meme token prices\" \/>\n<meta property=\"og:description\" content=\"Avalanche Foundation plans to purchase memecoins leads to massive token price rally for these digital assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/avalanche-foundations-memecoin-acquisition-plan-prompts-200-rally-in-meme-token-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-29T16:33:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/12\/coq-inu-avalanche.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/avalanche-foundations-memecoin-acquisition-plan-prompts-200-rally-in-meme-token-prices\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/avalanche-foundations-memecoin-acquisition-plan-prompts-200-rally-in-meme-token-prices\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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