The Avalanche Foundation, the institution behind the Avalanche network, announced that it has invested in 5 coins released on the network. It was also noteworthy that all of the invested tokens were meme coins.

At the end of December, the foundation stated its belief in the meme coin culture and stated that these cryptocurrencies, known as “joke coins”, actually appeal to large crowds. The foundation also informed that it would invest in some tokens.

It was stated that the invested meme tokens were Coq Inu, Gecko, Kimbo, NoChill and Tech. Of these coins, Coq Inu has made a name for itself with its recent big rise and listing on some major exchanges.

In the statement, it was also stated that the cryptocurrency industry is moving into new areas and evolving day by day, and it was also noted that the previously pointed criteria for coin investments may change at any time.