Majority of Crypto Users Start With Meme Coins Before Expanding Portfolios: Gemini Report

During the last 12 months, meme cash have garnered important consideration within the house, attracting excessive buying and selling volumes and producing returns of a number of thousand % in a matter of hours in some instances, regardless of being extremely controversial.

These often-viral belongings are doing extra than simply making headlines.

Meme Cash Spark Broader Crypto Participation

Based on the most recent report titled “State of Crypto” by Winklevoss twins-led crypto trade Gemini, meme cash are encouraging newcomers to discover the digital asset trade. This was discovered after conducting a survey of seven,205 shoppers within the US, UK, France, Italy, Singapore, and Australia (roughly 1,200) shoppers per nation.

A big majority – a whopping 94% – of meme coin holders additionally maintain different varieties of cryptocurrencies, suggesting that meme cash act as a bridge into the broader crypto ecosystem. Many customers seem to start their journey with these tokens earlier than branching out.

For instance, 31% of US traders who personal each meme cash and conventional cryptocurrencies say meme cash have been their first crypto buy. That development is equally mirrored in Australia and the UK, which trailed with 28% every, adopted by Singapore with 23%, Italy with 22%, and France with 19%.

Apparently, France additionally leads in total meme coin possession, with 67% of its crypto traders holding not less than one. The development continues throughout different areas with Singapore at 59%, Italy at 58%, the UK at 57%, the US at 55%, and Australia at 45%.

Europe Leads Crypto Possession

Zooming out, crypto possession has grown steadily throughout a number of areas following the 2022 market downturn. Europe reported a notable rise. In 2025, 24% of UK respondents stated they owned cryptocurrency, up from 18% in 2024.

France noticed an identical rise, with possession growing to 21%, additionally from 18% the earlier 12 months. Analysts attribute this development partially to a extra favorable regulatory local weather in Europe, pushed by the phased rollout of the EU’s Markets in Crypto-Property (MiCA) framework over the past two years. Singapore recorded the best price of crypto possession among the many surveyed international locations, with 28% of respondents reporting they maintain digital belongings.

In the US, President Donald Trump’s latest crypto-friendly insurance policies are additionally influencing public sentiment. After vowing to help digital belongings throughout his marketing campaign, Trump has launched a Strategic Bitcoin Reserve, restructured the SEC towards a extra innovation-driven stance, and backed laws aimed toward regulating stablecoins and broader crypto markets.

Moreover, he launched a Trump-branded meme coin, which reached practically $3 billion in market cap this month. These developments look like boosting confidence amongst potential traders. Almost 23% of non-crypto house owners within the US stated the Strategic Bitcoin Reserve made them extra assured in crypto’s worth.

Trump’s initiatives are having a world ripple impact on attitudes towards digital asset funding, as 21% of non-crypto house owners within the UK and 19% in Singapore echoed an identical sentiment.