Memecoins Are More Popular Than Bitcoin Among Altcoins, Binance Global User Survey Finds

According to the results of the Binance Global User Survey released on December 18, 16% of respondents reported holding meme coins

Cryptocurrency hodlers have more memecoins in their wallets than Bitcoin, a new user base survey by crypto exchange Binance has found.

According to the results of the Binance Global User Survey released on December 18, 16% of respondents reported holding meme coins, making memecoins the most popular cryptocurrency among altcoins.

Altcoins, not Bitcoin, are in vogue

Binance, the world’s largest crypto exchange by daily trading volume, has announced the results of a new survey. As the exchange is the most preferred platform, it can accurately summarize the sentiment of the overall market.

According to Binance’s user base survey, investors are not holding Bitcoin the most. Priority is given to meme coins. Bitcoin ranked second, with 14.4% of respondents saying they had some in their wallets. The survey sampled more than 27,000 users from Asia, Australia, Europe, Africa and Latin America.

Binance made the following statements:

“The survey results show that memecoins are not only popular in terms of current holdings, but are also the crypto asset class that users are most excited about for the future.”

The exchange did not disclose the value of participants’ holdings. But data from CoinGecko shows that the total market capitalization of the memecoin market is $117 billion, with the best-performing Dogecoin trading at $0.362. In contrast, Bitcoin’s market capitalization is over $2 trillion and the cryptocurrency is trading at around $101,000 per coin after hitting an all-time high of $108,000 on December 17.

AI tokens and memecoins lead 2025 growth predictions

Respondents to the Binance survey think that meme coins will be the market leader by 2025. Still, AI tokens came out on top, with 23% of respondents saying they think they will drive market growth in the coming year. Meme coins came in second, with 19% of respondents saying they were confident that their market capitalization would increase in 2025.

Google search data reflects this interest. Over the past 30 days, search volumes for the term “meme coin” have declined to 66 as of December 19, after reaching 100 on December 5.

In contrast, searches for “Bitcoin” recorded a volume of 50, down from a peak of 100 on the same date. Binance’s survey also found that 45% of respondents expect to join the crypto space in 2024 and 31% are regular traders.

Memecoins are hyper-speculative crypto assets with no utility. Some experts talked about a possible memecoin supercycle in December, noting that the market could still be bullish. Yet in August, crypto executives on a panel at Canada’s Futurists conference questioned whether memecoins would follow the trajectory of initial coin offerings and non-fungible tokens, both of which experienced massive booms before falling sharply.

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