Despite High Risks, U.S. Investors Are Still Rushing Into Memecoins, Says Kraken.

Kraken Survey: U.S. Investors Keep Betting on Memecoins Despite High Risks

A new survey from crypto exchange Kraken reveals that memecoins remain a popular investment choice among U.S. crypto holders, even with the significant risks tied to these speculative assets.

According to the report released on Wednesday, 85% of surveyed investors said they had invested in memecoins, with 76% believing that “the potential rewards justify the risks.”

Surprisingly, 44% of respondents suggested that memecoins could enhance the credibility of the broader crypto market, while 42% expected them to outperform other digital assets in 2025.

The primary motivations behind these investments included fear of missing out (FOMO), recommendations from friends and family, and the entertaining nature of memecoins.

However, the sector has recently been marred by controversy. The LIBRA token, which became entangled in an alleged rug pull connected to the Argentinian government, soared to a $4.5 billion market cap before crashing 90%.

Kraken’s survey also found that 29% of memecoin investors were primarily seeking short-term profits, while 23% viewed them as a diversification strategy.

Interestingly, female investors showed a slightly higher interest in memecoins than men—86% of surveyed women reported owning these assets compared to 84% of men.

Kraken conducted the survey on Jan. 9, 2025, polling nearly 800 crypto holders across the U.S.