Shiba Inu (CRYPTO: SHIB) experienced a significant surge in trading volume on India's WazirX exchange, outshining Bitcoin (CRYPTO: BTC) and leading the pack as the most traded token on the platform. This trend reflects the growing interest among Indian investors in meme-based cryptocurrencies, with SHIB surpassing other meme coins like Pepe (PEPE) and Floki (FLOKI). Despite a recent dip in price, SHIB's long-term potential beyond speculation is becoming evident, as the project's team works on initiatives such as the ShibaSwap decentralised exchange platform and the Shibarium layer-2 blockchain. Although its current market position has slipped, SHIB remains a highly watched token with a 14% profit over the last 30 days, following a substantial rally in March.