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Shiba Inu enthusiast LucieShib posted a screenshot showing SHIB as the most traded asset on India’s leading crypto exchange CoinSwitch.
The crypto exchange listed the five most traded coins on its platform for the week in a visual chart.
SHIB ranked the top spot among coins traded on the Indian crypto exchange for the week of April 15-20.
Shiba Inu overtook Bitcoin (BTC) which was in second place. Dogecoin, Loopring, and Ethereum took third, fourth, and fifth place.
The dominance of SHIB trading on Indian crypto exchanges is evident as Indian crypto exchange WazirX reported SHIB as the most traded asset on its platform over the past year.
According to WazirX’s year-end report, 27% of first-time cryptocurrency buyers on the platform bought Shiba Inu, and 50% of all SHIB tokens “moved” on the platform were traded by males between the ages of 26 and 40.
WazirX also holds Shiba Inu as its largest holding in its reserve, according to its reserve disclosure evidence earlier in the year.
SHIB price
At the time of writing, SHIB was down 3.26% over the past 24 hours to $0.0000102. All eyes are on the $0.000010 support to hold as a drop below this key level could risk SHIB adding an extra zero to its price. In this scenario, SHIB might retest lows near the $0.0000096 level.
On the upside, a recovery could bring SHIB back near the $0.0000106 level. The burning of Shiba Inu continues as a total of 20,215,360 SHIB tokens have been burned through five transactions in the last 24 hours.
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