Avalanche's recent embrace of memecoin culture, despite criticism from prominent figures like Ethereum's Vitalik Buterin, marks a significant shift in its "Culture Catalyst" initiative. Initially focused on non-fungible tokens (NFTs), the $100-million investment fund is now directed towards memecoin acquisitions, raising eyebrows within the crypto community. While some, including Buterin, express concerns about the risks associated with memecoins and their impact on the broader crypto space, others like Emperor Osmo see it as a positive move, equating memecoins to the power of social movements essential for a blockchain to achieve massive scale.