Shiba Inu (SHIB), a popular token with a canine theme, has gained significant attention from crypto traders in India, making it the most traded coin on the WazirX platform in April. WazirX, the leading crypto exchange, announced this achievement in a recent post, highlighting SHIB’s dominance in trading activity throughout the month.
The data reveals that Shiba Inu has captured the interest of WazirX traders more than any other crypto asset on the platform. Bitcoin (BTC) secured the second position as the most traded crypto asset on WazirX in April, closely followed by Shiba Inu’s competitors, Dogecoin (DOGE) and Pepe (PEPE), ranking third and fourth, respectively. Interestingly, Ethereum, the second-largest cryptocurrency by market cap, ranked at the bottom of the list. WazirX, as in previous months, did not disclose the trading volumes for all the listed crypto assets.
Shiba Inu’s popularity among Indian crypto traders has been soaring. The token, with its canine theme, has become a favorite among traders and contributes significantly to the exchange volumes in India. WazirX consistently reports the trading dominance of Shiba Inu in its monthly and yearly reports. In March, SHIB outperformed BTC, PEPE, Floki (FLOKI), and DOGE to become the most traded token on WazirX. Throughout 2023, Shiba Inu maintained its position as the second-most traded token on the exchange, second only to Bitcoin. WazirX attributed this milestone to the strong preference of its users for SHIB, evident from their past behavior.
Shiba Inu was listed on WazirX in May 2021, nine months after its launch in the crypto market. Since then, it has consistently ranked among the most traded assets on the exchange. WazirX currently supports 294 crypto assets and boasts a 24-hour trading volume of $2.23 million. Notably, Shiba Inu contributes $168,923 to WazirX’s 24-hour volume, making the SHIB/INR pair the third most traded on the exchange.
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