Shiba Inu Becomes the Most Traded Crypto in India: Memecoin Mania Sweeps the Nation
Shiba Inu, the world's second-biggest meme coin, has become the most traded cryptocurrency in India despite the uncertainty in regulations and the high crypto tax. This unexpected surge highlights a significant shift in Indian crypto investment preferences.
SHIB Dominates Indian Crypto Trading
SHIB's dominance is clear. Shiba Inu is now the top most traded cryptocurrency in India in 2025, reported the country’s leading trading platform WazirX. This is a dramatic change in the landscape of crypto investment. SHIB outpaced Bitcoin to become the most traded, signifying a growing appetite for alternative digital assets.
Why is Shiba Inu So Popular in India?
Several factors may contribute to Shiba Inu's popularity. Its lower price point compared to Bitcoin and Ethereum makes it more accessible to a wider range of investors. The memecoin's strong online community and viral marketing also play a crucial role. The potential for high returns, despite the inherent risks, attracts investors looking for quick profits.
Shiba Inu (SHIB) Became the Most-Traded Cryptocurrency
Shiba Inu (SHIB) became the most-traded cryptocurrency in India this year, with 9% of local traders engaging with it. This data underscores the growing interest in SHIB among Indian crypto enthusiasts. The people of India, one of the most densely populated countries in the world, have been ditching Bitcoin (BTC) and Ethereum (ETH) for the popular memecoin Shiba Inu (SHIB).
SHIB Price Fluctuations
While Shiba Inu's popularity is undeniable, it's important to acknowledge its volatility. SHIB’s price has declined in the past month, but this hasn't dampened the enthusiasm of Indian traders. Investors should exercise caution and conduct thorough research before investing in any cryptocurrency, including SHIB.
The Future of Shiba Inu in India
The long-term sustainability of Shiba Inu's dominance in the Indian crypto market remains to be seen. Regulatory changes and market fluctuations could significantly impact its performance. However, its current popularity indicates a strong presence and influence in the Indian crypto space.