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Research: US leads in the number of investors in mem-coins

by Vaibhav
May 8, 2023
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Research: US leads in the number of investors in mem-coins
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  • These statistics are provided by CoinGecko.
  • The most popular token here is SHIB
  • The top five also includes India, UK, Philippines and Nigeria.

Last week, the analytical portal CoinGecko published a new report. It contains countries where meme-coins are most popular. The United States tops the list.

For this country account for 23.58% of the total memecoin market. In second place is India (20.31%), in third – Great Britain (16.35%). It is noteworthy that this is the only European country that made the list at all.

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Rounding out the top five are the Philippines and Nigeria. The last country in the top 10 is Morocco, which accounts for just over 1% of the total market.

Equally interesting is the spread of assets. For example, in the US, SHIB (60.7%) remains the most popular meme-coin, PEPE (11.8%) is in second place, and BONK is in third.

In India, the situation is somewhat different. The list of the most popular meme-coins is headed by SHIB (55.8%). But in second place is, unexpectedly, Baby DOGE with a share of 29.9%.

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Popular recently, PEPE is at the top of the list in only one country – Canada. Recall that the capitalization of the asset has already exceeded $1 billion.

But in the Philippines, the FLOKI token is the most popular. It accounts for a share of 26.7%. It is noteworthy that since the beginning of the year, the asset has grown in price by more than 300%.

Interestingly, less “hyped” coins are popular in the Philippines and Nigeria. These are, for example, ArbDoge AI and Dogelon Mars.

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