Cashing in on the frenzy surrounding meme-based coins, India's largest cryptocurrency exchange WazirX on May 13 listed the shiba inu (SHIB) token on its platform. At the time of writing this copy, SHIB was trading at Rs 0.00165 on WazirX.
The rise in popularity of Dogecoin has led to the creation of a bunch of "meme coins: which have managed to rake in billions worth of investment in a matter of months
Among them is SHIB, the self-proclaimed "dogecoin killer", which was created in August 2020 by someone who uses the name Ryoshi. It is modelled after Dogecoin and has a market capitalisation of over $7.8 billion as of May 14, 2021.
Earlier this week, the Mumbai-based CoinDCX exchange also launched a spot market for SHIB pairs.
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