HomeCryptoAvalanche Unveils $100M Meme Coin Criteria, Spurs AVAX Surge

Avalanche Unveils $100M Meme Coin Criteria, Spurs AVAX Surge

How the Culture Catalyst Program Sets Standards for Memecoin Integration

The Avalanche Foundation recently unveiled the eligibility criteria for meme coins considered for purchase under its ambitious $100 million Culture Catalyst program. This move adds transparency to their memecoin integration efforts and significantly impacted the AVAX token, leading to a 4% surge in 24 hours.

Avalanche’s Selective Standards

Avalanche’s criteria prioritize security, maturity, and community support. Key requirements include a fair launch for tokens over a month old and resistance to bots. Additionally, rigorous security audits and verifications are mandatory.

Strategic Requirements for Memecoin Support

Beyond security, strategic conditions consider holder distribution, liquidity, and market activity. Memecoins must have at least 2,000 unique holders, $200,000+ liquidity, a $1 million+ market cap, and $100,000+ daily trading volume on Avalanche DEXs.

The token distribution must also promote decentralization: the top 100 holders cannot own more than 60%, and 50+ liquidity providers are required.

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Market Response: AVAX on the Rise

The announcement triggered a 4% AVAX token price increase within 24 hours, reversing a recent 37.4% decline. Notable memecoin beneficiaries include Coq Inu (+1.3%), Lizard (+28%), and Husky Avax (+29%).

Community and Influencer Buzz

The memecoin community reacted enthusiastically. Youtuber Crypto Atlas identified Sponk as a new AVAX memecoin, while Memecoin Daddy applauded Avalanche’s recognition of memecoin importance. REKTBuildr noted parallels between AVAX’s 2021 and 2024 performance, while Wolf Of Altcoins offered potential investment targets.

Noted by REKTBuildr
Noted by Wolf Of Altcoins

Conclusion: A New Era for Memecoins

As Avalanche sets stricter standards for memecoin integration, the cryptocurrency landscape shifts. AVAX tokens rebound, and meme coins like Coq Inu and Lizard surge. The community’s positive response highlights the dynamic nature of the market and Avalanche’s potential role in shaping its future.

Ricardo Anderson
Ricardo Anderson
Ricardo is someone with whom you can ask and talk about finance and its importance in life. A part-time cook, enthusiast, and football player, he loves to read and write on the latest updates in finance.


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