Meme Coin Mania: US, India, UK Lead Global Interest Surge in 2023

• A new study from Coingecko reveals that the top countries fueling meme coin interest in 2023 are the United States, India and the U.K.
• The report found that Shiba Inu (SHIB) was the most sought-after meme token, followed by Pepe (PEPE), Bonk (BONK) and Volt Inu (VOLT).
• PEPE has emerged as the frontrunner in terms of seven-day gains, skyrocketing 216% against the U.S. dollar.

Overview of Meme Coin Interest

In 2023, meme coins have maintained their popularity and investors remain enthusiastic about meme tokens. A recent study from Coingecko reveals that a significant portion of meme coin fascination originates from the United States, India, and U.K., encompassing over half of the top ten countries’ interest driving this phenomenon.

Top Countries Fueling Meme Coin Interest

On May 3, 2023, crypto market aggregator coingecko.com unveiled a report detailing the leading ten countries propelling this trend. As of this writing, the meme coin economy boasts a value of $18.25 billion with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) as its top three tokens respectively. This week, PEPE has emerged as the frontrunner in terms of seven-day gains skyrocketing 216% against USD.

U.S Leading Meme Token Movement

According to Coingecko’s analysis, The U.S leads this movement accounting for 23.6% of interest in 2023 with two million views stemming from top meme coin pages in America where Shiba Inu is its most sought after token followed by Pepe(PEPE), Bonk(BONK) and Volt Inu(VOLT).

India & Philippines Top Contributors

India holds second place contributing to this frenzy with 20.3% interest where SHIB is still its most popular token followed by Baby Doge Coin(BABYDOGE). The Philippines on other hand prefers Floki Inu(FLOKI) while Nigeria prefers Floki & Arbdoge Ai .

Conclusion

According to Coingecko’s report Shiba Inu drove 46.7% of interests among the top memecoins in 2023 which was followed by Baby DogeCoin generating 12 % ,Pepe 9%, Floki 8%,Bonk 8%. People are mostly interested in SHIB which can be seen by these numbers