XRP overtakes Bitcoin in trading surge, PEPE enters top 10: What’s driving India’s new crypto bets?

Share This Post


India’s crypto market is changing fast. While Bitcoin is still the most popular coin to hold, Ripple (XRP) has become the most traded coin in the first quarter of 2025. Meme coin PEPE also made its way into the top 10 coins held by investors, according to new data from CoinSwitch.

The Q1 2025 report is based on trading and investment activity across 310 coins on the CoinSwitch platform. The data shows that Indian investors are mixing safe bets like Bitcoin and Ethereum with riskier coins like PEPE and POPCAT.

Ripple becomes India’s most traded coin

Ripple (XRP) made a big jump to the top of the trading chart, making up 13.3% of total trades between January and March. This is a sharp rise from its earlier position in December. XRP is now traded more than both Shiba Inu and Bitcoin.

Crypto Tracker

“Coins like Ripple and Solana are surging in trading activity, likely driven by recent global developments,” said Balaji Srihari, Vice President at CoinSwitch. “There’s a clear shift happening.”

Image 2ETMarkets.com

Bitcoin (8.4%) and Dogecoin (6.4%) followed Ripple in trading volumes, while newer names like POPCAT (1.6%) climbed into the top 10, displacing former favourites like BONK.

Bitcoin still leads in holdings

Bitcoin remains the most held coin by Indian investors at 6.9%. It’s followed by Dogecoin (6.6%) and Ethereum (5.2%). But the most surprising entry this quarter is PEPE, which now holds a 1.9% share in investor portfolios, replacing Loopring.This shows that younger, risk-taking investors are now choosing newer coins.

Image 1ETMarkets.com

Other top-held coins include Shiba Inu (4.2%), Ripple (3.5%), Cardano (3.3%), Polygon (2.9%), Internet Computer (2.8%), and Solana (2.3%).

Meme coins are now serious picks

“Meme coins like PEPE and BONK are gaining traction, especially among young investors who are open to high-risk, high-reward opportunities,” Srihari noted. “It’s a reflection of how fast-evolving and layered the Indian crypto community is becoming.”

Indian crypto investors are now balancing long-term trust in well-known coins with short-term interest in trending tokens. With new rules for the market expected soon, more changes could come in the next quarter.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)



Source link

spot_img

Related Posts

The future of engineering belongs to those who build with AI, not without it

Join our daily and weekly newsletters for the...

Scientists Gene-Hack Spider to Produce Bright-Red Silk

Researchers used the popular gene-editing technique CRISPR to...

Meta to handover most of product risk assessments to AI

Mark Zuckerberg's Meta is planning to automate risk...

Samsung Galaxy Buds Explained: Which One is Right for You?

When it comes to wireless earbuds, Samsung's Galaxy...

Micro Center nerd store fills the Fry’s vacuum with its return to Silicon Valley

Silicon Valley nerds have been lonelier since Fry’s...

What I think the Apple Games app needs to work – and why it won’t

The rumour mill is frothing about a dedicated...
spot_img