Crypto
COQ, SHIBX, HUSKY Gain as Avalanche Foundation Says It Will Purchase Meme Coins
![](https://blacknewsdaily.com/wp-content/uploads/2023/11/VDCPBMLAAFG2NCGGENRQGBS7AY-780x470.jpg)
“The Avalanche Foundation intends to start using Culture Catalyst to recognize and encourage the culture and fun symbolized by meme coins by purchasing select Avalanche-based meme coins to create a collection,” it said. “This move complements the Avalanche Foundation’s ongoing engagement across the Avalanche ecosystem, including NFTs, RWAs, and other types of cryptoassets, broadening its portfolio to embrace a more complete spectrum of possibilities.”