Kraken Research: 85% of US Surveyed Investors Say They've Invested in Meme Coins

On February 19th, a report issued by the cryptocurrency exchange Kraken showed that U.S. cryptocurrency investors are still investing a lot in Meme coins despite the significant risks these digital assets carry. Kraken's investigation into U.S. crypto holders indicated that 85% of the respondents said they have invested in Meme coins, and 76% of the investors believed that "the potential returns are worth the risk." The investigation also showed that 44% of crypto holders think Meme coins will enhance the credibility of the crypto market, while 42% expect Meme coins to outperform other cryptocurrencies by 2025. The survey also revealed that 29% of Meme coin holders said that short-term gains were their main reason for purchasing these cryptocurrencies, and 23% cited diversification as their investment motivation.