Binance Survey Shows 16% of Crypto Holders Own Meme Coins
According to a recent survey by crypto exchange Binance, cryptocurrency holders, known as HODLers, are holding more meme coins than Bitcoin. The Binance Global User Survey revealed that 16% of respondents reported owning meme coins, while 14.4% indicated exposure to Bitcoin. The survey collected responses from over 27,000 users across multiple regions including Asia, Australia, Europe, Africa, and Latin America. The report stated:
“The survey results suggest that memecoins 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.”
Meme coins have performed well in 2024, particularly those launched on the Solana blockchain, contributing to the growth of the Solana ecosystem, which has outperformed Ethereum in some metrics.
Top meme coins such as Dogecoin #DOGE
and Shiba Inu #SHIB
have been prominent, with Pepe Coin #PEPE
, Bonk #BONK
, and dogwifhat #WIF
delivering significant returns. However, Binance did not disclose the value of respondents' holdings.
AI Tokens Lead Market Predictions
Despite meme coins surpassing Bitcoin in user holdings, AI tokens ranked highest in market share predictions, with 23% of participants expecting them to drive market growth next year. Meme coins followed at 19% for anticipated market value increases in 2025.
Search data indicates rising interest in meme coins, peaking at 100 searches for "memecoin" on December 5, then declining to 66 by December 19. Bitcoin searches peaked at 100 on the same date but fell to 50 subsequently.
The Binance Survey also highlighted that 45% of respondents entered the crypto market in 2024, with 31% engaging in regular trading, indicating a trend-driven participation among users.
Meme coins, often seen as speculative assets with limited utility, have prompted discussions about a potential memecoin supercycle, suggesting continued upward momentum in the market.