Not all meme coins are created equal. If they're to get bought up by the Avalanche Foundation, their creators will have to follow some rules. The organization that supports the Avalanche blockchain released an "eligibility framework" Tuesday that puts some guardrails around its eyebrow-raising plan to start purchasing meme coins: those jokey, highly volatile cryptocurrencies that are often paired with dogs. These tokens have become a big business with sometimes maddening returns in spite of their lack of value. But many of them are also outright scams meant to enrich their founders. No matter one's philosophical perspective on meme coins, the Avalanche Foundation has "already started" buying.
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