Meme Coins Show Geographic Concentration: Why the US Dominates Global Interest

When it comes to meme coin activity worldwide, one country stands out dramatically. According to the latest CoinGecko analysis, the United States now commands approximately 30% of all global meme coin page views as of November 2025. This concentration represents a significant shift from earlier in the year, when American and Indian users each held around 20% of total engagement.

The American Surge in Meme Coin Interest

What’s driving this surge? Industry observers point to the changing regulatory landscape under the Trump administration. With greater clarity emerging around cryptocurrency policy, more mainstream participants in the US have felt comfortable exploring meme token opportunities. The result: steady month-over-month growth that has positioned American traders as the dominant force in this speculative asset class.

Beyond the United States, who else shows strong interest in meme coins? The data reveals an interesting pattern. India, Nigeria, Germany, Türkiye, Vietnam, the Netherlands, the Philippines, Brazil, and Indonesia round out the top ten. Notably, seven of these ten countries are classified as emerging markets, collectively representing nearly 38% of global meme coin interest.

Among developed nations, the picture looks sparse. Only the United States, Germany, and the Netherlands cracked the top ten—a striking indication that meme coin engagement skews toward emerging economies and the American market.

A Market Ravaged by Decline

The broader context matters here. While US users remain intensely interested in meme coins, the overall market has experienced dramatic contraction. Total global interest in these assets plummeted 81.6% between January and November 2025. The meme coin market capitalization, which had surged to $150.6 billion in 2024, collapsed to approximately $47.2 billion by late 2025.

How did we get here? The 2024 meme coin boom was powered by renewed Dogecoin enthusiasm, a wave of Solana-based token launches, and emerging platforms that made token creation accessible. Daily trading volume exploded from $1.1 billion in 2023 to an average of $9.7 billion in 2024, with peak trading days exceeding $80 billion when popular tokens listed on major exchanges.

Then came 2025. Controversial token launches and widespread market fatigue shifted sentiment. The speculative fervor that characterized the sector began to evaporate, leaving only the most stubborn holders and traders—concentrated primarily in the United States and emerging market hotspots—still actively interested in meme coin projects.

The Takeaway

The landscape reveals a bifurcated market: American sophistication meeting emerging market speculation. As global interest in meme coins contracted sharply, geographic concentration intensified. The winners remain those countries whose populations showed the earliest and most sustained interest in this volatile corner of cryptocurrency trading.