As per my knowledge, India had seen significant interest in the meme coins. (As we can see in graph posted above.) There are a few reasons why Indians have been prominent buyers of meme coins:
1. Growing interest in cryptocurrencies: India has witnessed a surge in interest and adoption of cryptocurrencies. Cryptocurrency trading platforms and exchanges have gained popularity, allowing individuals to easily invest in various meme coins.
2. YouTube influencers: Indian YouTube influencers have big role to guide teenage audience with small amount of pocket money which they can invest in cheap meme coins.
3. Potential for quick profits: Meme coins often experience significant volatility, and some people may be attracted to them due to the potential for quick and substantial returns on investment.
4. Lack of strict regulations: Cryptocurrency regulations in India is not yet fully established, which allows people to participate in the market with relatively fewer restrictions.