Meme Coins Like SHIB, DOGE Had More Holders Than Bitcoin, Binance Reveals
Meme coins have been dominating the cryptocurrency space for a while now. Several assets like Shiba Inu (SHIB), Dogecoin (DOGE), and PEPE have been part of the top 20 throughout the year. DOGE has particularly been at the top with its latest price action as well. It seems like the overall community has been inclined towards the meme coin market. A recent study by Binance, a cryptocurrency exchange, highlights this growth. Over 27,000 users from Asia, Australia, Europe, Africa, and Latin America were sampled for the survey.
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Bitcoin Holders Take a Back Seat
According to the report, cryptocurrency holders have more meme coins in their wallets than Bitcoin. Meme coins are the most popular cryptocurrency among those surveyed, with 16% of respondents reporting having them. With 14.4% of participants reporting having some in their wallets, Bitcoin came in second. The exchange said,
“The survey results suggest that meme coins are not only popular in terms of current holdings but are also the class of digital assets that users are highly excited about for the future.”
In addition, ETH, which makes up 10.95% of survey respondents’ total holdings, is surpassed by BNB holdings. Together, the other top layer-1 tokens account for 10.38%.
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AI Tokens To Dominate 2025
Moving over meme coins, respondents to the Binance study expressed optimism that meme coins will lead the market in 2025. About 23% of respondents stated that they believe AI tokens would propel market expansion in the upcoming year, placing them at the top of the list.
But meme coins weren’t overlooked. Elaborating on the same, Binance wrote,
“Memecoins come in second, with 19.09% of respondents showing confidence in their potential rise, followed by DeFi tokens at 12.37% and layer-1 tokens at 12.28%.”
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Meme Coins Like SHIB, DOGE Had More Holders Than Bitcoin, Binance Reveals
Meme coins have been dominating the cryptocurrency space for a while now. Several assets like Shiba Inu (SHIB), Dogecoin (DOGE), and PEPE have been part of the top 20 throughout the year. DOGE has particularly been at the top with its latest price action as well. It seems like the overall community has been inclined towards the meme coin market. A recent study by Binance, a cryptocurrency exchange, highlights this growth. Over 27,000 users from Asia, Australia, Europe, Africa, and Latin America were sampled for the survey.
Also Read: Ripple: XRP Price Forecast For The Weekend: How High Can The Token Go?
Bitcoin Holders Take a Back Seat
According to the report, cryptocurrency holders have more meme coins in their wallets than Bitcoin. Meme coins are the most popular cryptocurrency among those surveyed, with 16% of respondents reporting having them. With 14.4% of participants reporting having some in their wallets, Bitcoin came in second. The exchange said,
“The survey results suggest that meme coins are not only popular in terms of current holdings but are also the class of digital assets that users are highly excited about for the future.”
In addition, ETH, which makes up 10.95% of survey respondents’ total holdings, is surpassed by BNB holdings. Together, the other top layer-1 tokens account for 10.38%.
Also Read: MetaMask Launches Crypto Debit Card in the US—What You Need to Know
AI Tokens To Dominate 2025
Moving over meme coins, respondents to the Binance study expressed optimism that meme coins will lead the market in 2025. About 23% of respondents stated that they believe AI tokens would propel market expansion in the upcoming year, placing them at the top of the list.
But meme coins weren’t overlooked. Elaborating on the same, Binance wrote,
“Memecoins come in second, with 19.09% of respondents showing confidence in their potential rise, followed by DeFi tokens at 12.37% and layer-1 tokens at 12.28%.”
Also Read: SEC Reforms Under Trump Face Setback as Senate Blocks Crenshaw Nomination
Read More
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