Gemini Report: Memecoins Drive Crypto Onramp, Expanding User Base

New research from Gemini sheds light on the significant role memecoins play in attracting new crypto investors. The report reveals that 94% of memecoin holders venture into other digital currencies after acquiring their initial stake, positioning them as a crucial gateway to the wider cryptocurrency landscape. This trend highlights how memecoins are fueling the expansion of the user base and demonstrating broader interest in crypto across diverse demographics. The research underscores the growing influence of popular assets like Dogecoin and Shiba Inu as entry points for individuals interested in exploring the market.