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

Trader Joe has announced that the Avalanche Foundation has released the rewards for the first week of the Memecoin Rush single-sided staking plan, with a total value of approximately $500,000 and a distribution of 10,000 AVAX. The rewards were distributed among 10 pools based on the percentage of the total staking value (TVL) and the token supply at the time of the snapshot. Participants can access the staking pool they participated in to claim their rewards directly, or they can accumulate rewards throughout the entire event.