The Arbitrum community has proposed the establishment of a MemeCoin fund

According to the Arbitrum official community, a proposal has been initiated by community members aiming to establish a MemeCoin fund independent of the Arbitrum DAO. This is intended to assist in the development of MemeCoin projects and foster a MemeCoin-friendly culture within Arbitrum. The proposal suggests using $3 million worth of ARB as startup funds. According to the content of the proposal, requirements for project selection include having at least $200,000 in liquidity, whales cannot hold high proportions, and market value must be over $1 million etc. In addition, this fund does not allow day trading; investments must be held for three months. At the end of three months, collaborators can consider liquidating or holding for another three months.