Meme tokens are quickly moving from joke coins to a sector that represents the digital culture of any blockchain – with major foundations now directly investing in the growth of such tokens.
These tokens were issued in the past few months and saw daily cumulative trading volumes of millions of dollars. The mem coins jumped as much as 60% after Avalanche’s disclosure, beating a general market-wide drop.shows a bump in trading volumes on Avalanche tokens alongside a rise in the issuance of new meme tokens, likely in hopes of a new cult becoming the next Foundation pick.
Avalanche referred to these meme tokens as community coins. “Community coins have become vital Web3 touchstones today. They represent the fun, spirit, uniqueness, and interests of diverse crypto communities,” it stated.