Research on Determinants of Memecoin Investing

Sharing our latest research preprint with the State of Crypto Survey data, to which many of you participated:

"Meme Money, Real People: Decoding the Crypto Memecoin Crowd"
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6021706

Unlike often claimed, our data suggests that memecoin investing is not carried out to be part of a community (e.g., those with fair launches), but rather the opposite.

"Memecoin holders typically exhibit behaviors associated with active trading and risk-taking, including broader portfolio diversification and use of complex instruments. We also document small but systematic links to attitudes and psychology, including lower tax salience and a lower need-to-belong score."

Comments and feedback is welcome as usual.