Top 10 Countries That Love Memecoins

DOGE, PEPE, or BOME - some investors just can't fill their bags with enough memecoins. But some countries love them more than others. Learn more in our top 10 countries that love memecoins guide.

Memecoins hit peak popularity in January 2025 according to Google Trends - with the search term more popular than ever between January 19 to 25.

While some of this could have been attributed to the incoming administration in the US (and indeed, the memecoins launched by the President) - the data actually shows otherwise as the USA wasn’t in the top 10 countries for the search term. Let’s dive into see the top 10 countries driving this trend.

Read next: Top Memecoins

10. Cyprus

With a favorable regulatory environment alongside a strategic location, Cyprus has attracted numerous crypto-related businesses and investors. The Cypriot government has shown openness to blockchain technology, fostering innovation and adoption. This progressive stance has led to increased interest in various cryptocurrencies, including memecoins, among its population.

9. Estonia

Estonia is known for its advanced digital infrastructure and e-governance initiatives. The nation has been proactive in integrating blockchain technology into public services. This tech-forward approach has cultivated a strong crypto community, with a growing number of Estonians engaging in crypto investment, including in memecoins.

8. Portugal

Portugal has become a hotspot for cryptocurrency investors, primarily due to its favorable tax policies. The Portuguese government does not impose long-term capital gains taxes on individual cryptocurrency earnings, making it an attractive destination for crypto investors. This lenient tax regime has spurred significant interest in various digital assets, including memecoins, among Portuguese citizens.

Read next: What is Pepe?

7. Netherlands

The Netherlands has a strong fintech ecosystem. Dutch regulators have adopted a balanced approach towards cryptocurrencies with relatively lenient (albeit complex) taxation, promoting innovation while ensuring consumer protection. This supportive environment has led to increased adoption of cryptocurrencies, including memecoins, among the Dutch population.

6. Norway

Norway has witnessed a steady rise in crypto adoption, driven by its tech-savvy population. The Norwegian government has recognized cryptocurrencies as taxable assets, providing clarity and legitimacy to the market. This regulatory clarity has encouraged more Norwegians to explore and invest in various cryptocurrencies, including memecoins.

5. Ethiopia

Ethiopia is experiencing a burgeoning interest in cryptocurrencies, particularly as a means to enhance financial inclusion. With a significant portion of the population unbanked, digital currencies offer an accessible alternative for financial transactions. The government's collaboration with blockchain firms to improve sectors like education and agriculture reflects its openness to embracing digital innovations, contributing to the growing interest in cryptocurrencies.

Read next: What is BONK?

4. Mongolia

Mongolia has been exploring the potential of crypto to diversify its economy. The government has shown interest in blockchain technology, particularly in areas like supply chain management and financial services.

3. Kosovo

In Kosovo, cryptocurrencies have gained traction as alternative investment vehicles. The country's young population and growing tech sector have contributed to a rising interest in digital assets. Despite regulatory uncertainties, many Kosovars are engaging in cryptocurrency mining and trading, with memecoins becoming a part of their investment portfolios.

2. St Helena

St Helena, though a small and remote island, has seen a surprising surge in cryptocurrency interest. The limited traditional financial infrastructure has led residents to explore digital currencies as viable alternatives. 

Read next: DOGE vs. SHIB vs. FLOKI

1. Nigeria

Nigeria is at the forefront of crypto adoption in Africa. Economic factors, such as currency devaluation and limited access to traditional banking services, have driven Nigerians towards digital currencies, with the population embracing crypto for transactions and investments, and memecoins gaining significant popularity. 

Don’t forget the tax bill…

Wherever you live - and whatever crypto you’re investing in - chances are your crypto is taxed. You can learn more about the rules where you live in our crypto tax guides or sign up for Koinly free today to calculate your crypto taxes.