Majority of Crypto Users Start With Meme Coins Before Expanding Portfolios: Gemini Report
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Over the last year, meme coins have garnered significant attention in the space, attracting high trading volumes and generating returns of several thousand percent in a matter of hours in some cases, despite being highly controversial. These often-viral assets are doing more than just making headlines. Meme Coins Spark Broader Crypto Participation According to the latest report titled “State of Crypto” by Winklevoss twins-led crypto exchange Gemini, meme coins are encouraging newcomers to explore the digital asset industry. This was found after conducting a survey of 7,205 consumers in the US, UK, France, Italy, Singapore, and Australia (approximately 1,200) consumers per country. A large majority – a whopping 94% – of meme coin holders also hold other types of cryptocurrencies, suggesting that meme coins act as a bridge into the broader crypto ecosystem. Many users appear to begin their journey with these tokens before branching out. For example, 31% of US investors who own both meme coins and traditional cryptocurrencies say meme coins were their first crypto purchase. That trend is similarly reflected in Australia and the UK, which trailed with 28% each, followed by Singapore with 23%, Italy with 22%, and France with 19%. Interestingly, France also leads in overall meme coin ownership, with 67% of its crypto investors holding at least one. The trend continues across other regions with Singapore at 59%, Italy at 58%, the UK at 57%, the US at 55%, and Australia at 45%. Europe Leads Crypto Ownership Zooming out, crypto ownership has grown steadily across multiple regions following the 2022 market downturn. Europe reported a notable rise. In 2025, 24% of UK respondents said they owned cryptocurrency, up from 18% in 2024. France saw a similar rise, with ownership increasing to 21%, also from 18% the previous year. Analysts attribute this growth in part…
Filed under: News - @ June 1, 2025 9:05 pm