According to a recent survey published by Saxo Markets, Shiba Inu is more popular with Australians than XRP and Cardano.
Five percent of Aussies know about the meme coin, while 3% and 2% of them have heard about the other two cryptocurrencies, respectively.
Unsurprisingly, Bitcoin is at the top of the list, with 38% of the survey participants recognizing the crypto king. Ethereum, Binance Coin and Dogecoin are also in the top five, ahead of Shiba Inu.
Only a minuscule 1% of Aussies have a handle on what Avalanche actually is.
Notably, Shiba Inu is far more recognizable among millennials than baby boomers (7% and 1%, respectively).
The canine token stole the spotlight earlier this year because of its remarkable price performance that blew all other cryptocurrencies out of the water.
The meme coin mania is, of course, not limited to Australia. In May, Harris Poll's survey found that Dogecoin was more popular than Ethereum with American investors