ChainCatcher message, Trader Joe posted on social media that AVAX tokens were allegedly airdropped to wallets participating in Memecoin Rush. Please be sure to stay safe, as scammers will seize any opportunity they see. Trader Joe did not conduct this airdrop.

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.

ChainCatcher news, according to official sources, the Avalanche Foundation has announced the launch of the liquidity mining incentive program Memecoin Rush, which has now started and will be implemented in multiple phases. It is reported that the Memecoin Rush incentive fund amounts to 1 million dollars, aimed at helping to expand liquidity and drive momentum, primarily targeting the community coin ecosystem on Avalanche.