Overview
According to CoinGecko, memecoins are most popular in the Philippines, Malaysia, Nigeria, Morocco, Australia, New Zealand, and Canada, with these countries accounting for 82.9% of speculative assets.
USA
The USA leads the way in memecoin interest, accounting for 23.6% of total holdings. The most popular memecoin is Shiba Inu (SHIB), with 60.7% preferring it. PEPE is the second most popular, with 11.8%.
India
India ranks second in memecoin popularity, accounting for 20.3% of all countries. SHIB is also the most popular memecoin, with 55.8% preferring it. Baby Doge Coin (BABYDOGE) accounts for 29.9%.
Popular Memecoins
SHIB is the most popular memecoin, attracting 46.7% of interest among the most popular memecoins in 2023. BABYDOGE is of interest to 12.3%, followed by PEPE (9.4%), FLOKI (8.6%), and BONK (8.2%). PEPE was of most interest to Canadian residents, accounting for 26.9% of holdings.
PEPE Listing on BitMEX
In the beginning of the month, the PEPE token, created based on memes about Pepe the Frog, suddenly rose to 17th place in daily trading volume and entered the top 120 by market capitalization. Many predict a “memecoin season” due to the unexpected growth of the token. The token has already been listed on a dozen centralized and decentralized exchanges, including Uniswap, OKX, MEXC, Gate.io, Huobi, Poloniex, Bitget, and others.
SHIB’s Rise in Popularity
Last month, SHIB also saw an increase in popularity, displacing Binance USD from 14th place on the list of cryptocurrencies by market capitalization. The positive dynamics of the memecoin is likely due to recent positive news, such as the launch of the beta version of the second layer network Shibarium called Puppynet. The number of long-term holders of Shiba Inu also reached a new high of 835,780.