Meme coins have gained significant attention in the past year, attracting high trading volumes and generating substantial returns quickly.
Gemini's report reveals that meme coins are introducing newcomers to the cryptocurrency industry, acting as a bridge for many users to explore the broader crypto ecosystem.
The report indicates that a large majority of meme coin holders also own other types of cryptocurrencies, with 94% holding additional assets, showing a trend of starting with meme coins before diversifying portfolios.
Crypto ownership is on the rise globally, with Europe showing significant growth in ownership rates, influenced by factors such as favorable regulations and initiatives by leaders like former US President Donald Trump.