Avalanche Foundation, a non-profit that maintains the Avalanche blockchain, on Thursday said it had deployed capital into five Avalanche-based tokens based on certain criteria and that it intended to continue such investments in the future. The picks are dog-themed kimbo (KIMBO), chicken-themed Coq Inu (COQ), gecko-themed Gecko (GEC), technology joke token TECH, and Avax has no chill (NOCHILL). These tokens were issued in the past few months and saw daily cumulative trading volumes of millions of dollars. Avalanche referred to these meme tokens as community coins. “Community coins have become vital Web3 touchstones today.
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