The Avalanche Foundation distributes 10,000 AVAX as rewards for the first week of the Memecoin Rush unilateral staking program

ChainCatcher message, Trader Joe posted on platform X that the Avalanche Foundation has distributed the rewards for the first week of the Memecoin Rush unilateral staking program, with a total of 10,000 AVAX (approximately $500,000). The rewards are allocated to 10 staking pools based on the percentage of the total value locked (TVL) and the snapshot token supply. Participants can claim their rewards directly from the staking pools they participated in, or they can let the rewards accumulate throughout the event.