The cryptocurrency market has been witnessing a significant surge globally, with “memecoins” being the gateway for numerous new users. The exchange platform, “Gemini,” recently reported the trend.
A Glimpse of the Global Crypto Trends
The report, titled ‘Global State of Crypto,’ provided an in-depth analysis of cryptocurrency trends across the world, focusing on countries like the UK, the US, France, Italy, Singapore, and Australia. According to the report, the UK recorded a six-point increase in cryptocurrency ownership, reaching 24% in 2025 from 18% in 2024. The US market saw a marginal rise, increasing from 20% to 21% during the same period. On par with the US, France also recorded an increase of three percentage points, reaching 21% from 18%.
Furthermore, Singapore tapped the highest rate of crypto adoption amongst the surveyed countries, rising from 26% to 28%. The study provides insights by examining the feedback of 7,205 shoppers from the aforementioned nations.
Memecoins and Government Support: Key Driving Factors
The report identifies two primary driving factors behind the surge in global crypto ownership – everyday people investing in memecoins and the strong support for crypto by the US government, especially under the administration of President Donald Trump.
Highlighting the government’s stance towards cryptocurrency, the report cited the initiation of the Strategic Bitcoin Reserve (SBR) by the Trump administration in March. The primary agenda of this initiative is to gather more Bitcoin (BTC) without levying additional taxes and refraining from selling the 198,000 BTC already owned by the US.
As per the report, memecoins serve as a crucial pathway that leads many amateur investors to the world of digital assets. This eventual broad-scale adoption contributes significantly to the investment in more established cryptocurrencies.
Memecoin Ownership and Adoption
According to the study, about 94% of memecoin owners also own other types of cryptocurrency. In the US, approximately 31% of investors who own both memecoins and traditional crypto stated that they invested in memecoins first. Similar trends were observed in Australia at 30%, in the UK at 28%, followed by Singapore at 23%, Italy at 22%, and France at 19%.
When it comes to memecoin adoption, France takes the lead, with 67% of the country’s crypto investors holding memecoins. Singapore comes in second place with 59%, followed by Italy at 58%, the UK at 57%, the US at 55%, and Australia at 45%.
The Memecoin Market – A Closer Look
The study’s results coincide with the upsurge in the memecoin market cap, which currently tops at $77 billion, marking a 5% increase from the previous week. This figure accounts for approximately 2.2% of the total cryptocurrency market cap, presently standing at $3.55 trillion.
Dogecoin (DOGE) enjoys the top spot in this market, boasting a substantial market cap of over $34.8 billion and a daily trading volume that exceeds $3.6 billion. Shiba Inu (SHIB) comes in second place with an $8.6 billion market cap. Other popular memecoins in the market include Pepe (PEPE), with a $6.2 billion market cap and Official Trump (TRUMP) with a market cap above $2.6 billion.
In conclusion, the rise of memecoins is not just reshaping the face of cryptocurrency but is also paving the way for broader digital asset adoption. Their surging popularity is a testament to the growing attraction of common people towards digital currencies, challenging the traditional financial markets on the global front.
