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**Undervalued, meme coins are actually in demand in Indonesia**
According to the latest data from CoinGecko, in the report on the state of memecoins for 2025, Indonesia has become one of the countries with the highest level of interest in memecoin digital assets, accounting for about 22.6% as of November last year. This figure puts Indonesia on par with major countries such as the USA, India, Nigeria, Germany, Turkey, and the Netherlands.
For your information, Dogecoin (DOGE) remains the largest meme coin in the world, covering 47.3% of the market share, although investor attention continues to shift to several new projects. Even though DOGE has weakened, meme coins with similar themes are still in demand.
Nevertheless, despite all this, the overall interest in meme coins continues to decline since the beginning of this year, with a drop of 81.6%, which also reflects the overall decrease in the market capitalization of meme coins.