Bitcoin remains top choice for crypto investors in Q1: CoinSwitch
Bitcoin made up 6.9% of total investor holdings on the crypto exchange’s platform, followed closely by meme coin Dogecoin and alt coin Ethereum.
Indian crypto exchange, CoinSwitch, in its latest analysis of activity across 310 coins listed on its platform, observed that investors in the country continued to favour well-established digital assets, like Bitcoin, for their long-term investment strategies.
The trends, which offer an insight into trading activity in Q1 2025, noted that Dogecoin and Ethereum followed Bitcoin to lead the list of most-held assets.
A noteworthy shift in investor sentiment was the entry of PEPE, a meme coin that operates on the Ethereum blockchain. The coin replaced Loopring in the top 10 invested coins on the platform, indicating rising interest amongst crypto investors in emerging assets.
Additionally, Ripple emerged at the most traded asset, accounting for 13.3% of total trades, replacing Shiba Inu, indicating renewed interest in the token.
“2024 was a landmark year for crypto globally, and what we’ve seen in just the first few months of 2025 is equally exciting. There’s a clear shift in how investors are engaging with the market. Bitcoin still holds its spot as a long-term favourite, and we’re seeing coins like Ripple and Solana surge in trading activity—likely driven by recent global developments in the space,” said Balaji Srihari, Vice President, CoinSwitch.
The Indian crypto landscape has evolved over the years with investors viewing the asset class as a long term investment as opposed to a short-term investment, the crypto exchange noted. With investors becoming more familiar with the asset class, the presence of meme coins and alt coins is also growing on Indian crypto exchanges.
“Additionally, meme coins like PEPE and BONK are gaining traction, especially among young investors who are open to high-risk, high-reward opportunities. It’s a reflection of how fast evolving and layered the Indian crypto community is becoming,” Srihari added.
Edited by Kanishk Singh