Meme Coins Take Over: Shiba Inu Leads the Charge on Indian Crypto Exchange WazirX
Meme coins, known for their internet humour and often volatile nature, have surprisingly captured the attention of Indian cryptocurrency investors. This is evident on WazirX, one of India's leading crypto exchanges, where meme coins dominated the trading scene in March.
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Meme Coin Mania on WazirX
In a significant shift, all of the top five most traded tokens on WazirX for March were meme coins, with Shiba Inu (SHIB) leading the pack. This statistic highlights a growing fascination with meme-based cryptocurrencies among Indian traders. This trend coincides with tighter regulations on foreign exchanges, potentially driving more users towards local platforms like WazirX.
Shiba Inu, the self-proclaimed Dogecoin ki...