Gemini Report: Meme coins have become the main entry point for new crypto users, with 94% of holders investing further in traditional coins
PANews reported on May 27 that according to Gemini's latest "State of Crypto" report, more than 30% of new entrants in the United States, the United Kingdom, Australia and other places bought crypto assets for the first time as meme coins, and more than 94% of meme coin holders subsequently invested in Bitcoin or Ethereum, showing that it is an important entrance for widespread adoption. In addition, 39% of investors in the United States already invest in cryptocurrencies through ETFs. Gemini pointed out that meme coins are becoming a "training wheel" for new users to understand wallets, tokens, and ecosystems due to their low cultural drive and low barrier to entry. The current market capitalization of meme coins has reached $74.2 billion, accounting for a significant share of the total global crypto market capitalization.