State of Crypto Sneak Peek: Nearly 70% of French Crypto Owners Hold Memecoins

During this year’s Paris Blockchain Week, the Gemini team released a sneak peek of its 2025 Gemini Global State of Crypto report, which found that French crypto owners lead the way in memecoin ownership globally, with 68% of all crypto owners in France holding memecoins, compared to 57% globally.

Over the past year, memecoins have drawn significant attention and trading volume within the crypto community, with some tokens soaring by thousands of percentage points in a matter of hours.

Memecoin traders have capitalized on the volatile price action by buying memecoins that pay tribute to a cultural figure or viral moment. They have drawn many headlines, but they’ve also served as an avenue to introduce new investors to digital assets.

Produced in partnership with Data Driven Consulting Group, the report offers a look at attitudes and behavior toward digital assets from investors across the globe. The respondents include current and past crypto owners along with no-coiners in the United States, United Kingdom, France, Italy, Singapore, and Australia. Approximately 1,200 consumers were surveyed in each country.

A few takeaways about memecoin ownership:

• France leads the way in memecoin adoption: In France, 68% of crypto investors own memecoins, followed by 63% in Italy, 58% in the UK, and 55% in Singapore and the United States. In Australia, 44% of crypto owners hold memecoins.

• Memecoins typically make up a significant part of crypto portfolios: In the US, 22% of crypto owners allocated more than half of their assets to memecoins, followed by 17% in Italy and Singapore, 16% in the UK, 15% in France, and 11% in Australia.

• Memecoins drive adoption: In the US, 31% of investors who own both memecoins and traditional cryptocurrencies report that they purchased their memecoins first, followed by 30% in Australia, 28% in the UK, 25% in Italy and Singapore, and 21% in France. However, globally, 93% of memecoin owners also own other types of crypto, suggesting memecoins are an onramp to crypto for many.

The influx in new investors comes as memecoins become more widely available on traditional exchanges. Reflecting increased user interest, Gemini has expanded its listings in the past year to include several community-driven tokens, such as Dogwifhat, Peanut, Mew, and a handful of other memecoins.

Memecoins have also developed strong online communities across platforms like X, Discord, and Telegram, boosting their visibility. Additionally, the largest memecoin by market cap, DOGE, drew attention following Elon Musk’s launch of the Department of Government Efficiency to cut $1 trillion in U.S. government spending.

Stay tuned for the full results of the 2025 Gemini Global State of Crypto report when it’s released later this quarter.

Onward and Upward!
Team Gemini