In this article we are going to list the 5 countries leading the meme coin craze in 2023. For a detailed coverage of this topic and a more comprehensive list please take a look at the 10 countries leading the meme coin craze in 2023.
5. Nigeria
Percentage of total meme coin views: 4.92%
Nigeria is the country leading the meme coin craze in 2023 in Africa, and is a bit unique in the fact that its most popular meme coins are Floki and ArbDoge AI, not to mention Dogelon Mars in third place which is surprising since the coin has failed to garner much interest elsewhere. This might mean one of two things; either people in Nigeria are uninformed about the main trends in meme coins, or they are forging their own path.
4. Philippines
Percentage of total meme coin views: 5.39%
Crypto is huge in the Philippines, and that invites scams as well, with the police in the country recently busting a major crypto scam ring, which resulted in the rescue of over 1,000 victims of human trafficking, with victims allegedly being forced to work up to 18 hours a day to try and engage others in cryptocurrency scams. The most popular meme coin in the country is Floki.
3. United Kingdom
Percentage of total meme coin views: 16.35%
The UK is leading the meme coin craze in Europe, and is in fact, the only European country in our list. Recently, powerful groups in traditional finance spheres warned the UK government of its attempt to regulate the cryptocurrency industry, and City Minister Andrew Griffith promised “clear, effective, timely regulation” that would “strengthen our position as a world leader in fintech, unlock growth and boost innovation”. However, the main concern is that regulation would legitimize an industry fraught with risks.
2. India
Percentage of total meme coin views: 20.31%
India recently became the most populous country in the world, and even though a relatively small percentage is aware of and uses cryptocurrency, that is still sufficient to allow it to claim second place in our list. Even though Shiba Inu has lost nearly a third of its total value in the last 3 months, a trend which is surprising as generally the cryptocurrency market has gone up in this time. Baby Doge Coin, another version of Dogecoin, has also captured the interest of the nation.
1. United States of America
Percentage of total meme coin views: 23.58%
Topping the list of the 10 countries leading the meme coin craze in 2023 is the U.S., which shouldn’t be surprising considering the fact that Dogecoin, the pioneer meme coin, was created by American software engineers Jackson Palmer and Billy Markus. 2 millions views of the top meme coin pages were from the U.S., where the population interested in, and invested in, cryptocurrency is much greater than most other countries. More than 60% of the country’s meme coin interest was driven by Shiba Inu while Pepe, which has been trending heavily in recent times.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out our articles on 30 Cities with the Best Education System in the World and 35 Best Destinations in the World for Cultural Tourism.
