Is Shiba Inu the new king of crypto in India? You might be surprised to hear that Shiba Inu (SHIB) became the most-traded cryptocurrency in India this year, capturing the attention of a huge number of investors. Forget Bitcoin – According to WazirX, Shiba Inu’s user trading activity surpassed that of Bitcoin (BTC), an incredible feat that speaks volumes about the shifting preferences of Indian crypto traders.

Shiba Inu (SHIB) became the most-traded cryptocurrency in India this year, with 9% of local traders engaging with it. This surge in popularity reflects a broader trend: 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. But why?

While SHIB’s price has declined in the past month, its enduring appeal in India seems to stem from its accessibility and perceived potential. Despite the market fluctuations and even despite the uncertainty in regulations and the high crypto tax, Indians are actively trading SHIB.

This incredible accomplishment has not only strengthened SHIB’s standing in the global crypto market but has also sparked interesting debates about the future of digital assets in India. But the landscape is ever-changing. While Shiba Inu dominated in the past, a recent report from CoinSwitch, India's largest crypto exchange platform, published its report for the first quarter of 2025. Surprise: Ripple becomes the most traded asset, capturing 13.3% of the market. Could SHIB reclaim the throne?

Keep up-to-date on the latest cryptocurrency trends and news, including analysis on Shiba Inu, the world's second-biggest meme coin, and its performance in the Indian market.