The CEO of Avalanche (AVAX) development firm Ava Labs says that he now understands the cultural significance of memecoins. In a series of tweets on the social media platform X, Emin Gün Sirer says memecoins do not have to be like other crypto assets that derive value from use cases. According to Sirer, meme tokens The post Ava Labs CEO Weighs In on Cultural Significance of Memecoins, Says Crypto Assets Can Derive Value From Being Fun appeared first on The Daily Hodl .