The WRX token, once forgotten in the shadows of India’s crypto scene, suddenly came back to life this week, thanks to a short courtroom drama.
On April 16, WazirX’s native token started climbing. By early morning on April 17, it had pumped almost 18% over 17 hours. There was no major spike—just a steady rise, small pullbacks, and a surprising amount of activity.
It’s now up around 3% on the 24-hour chart, trading at $0.02386. The 24-hour volume? Up over 230%, crossing $104K. Market cap sits at $9.1 million.
What triggered it? A Supreme Court hearing.
On Wednesday, the court dismissed a criminal writ petition filed by WazirX users who had demanded action against co-founder Nischal Shetty and the exchange’s top team. But the case didn’t even take off. The bench straight-up said it wasn’t the right forum and handed the users a redirection: approach the Union of India or other legal authorities.
“The Supreme Court has refused to entertain the plea… they’ve given us liberty to approach other appropriate forums,” said Priyanka Prakash, the advocate representing affected users. No next steps have been announced yet.
But the market didn’t wait. Traders saw the dismissal as a breather—maybe even a sign that legal heat on WazirX is cooling off. Whether that’s true or not, the price action speaks for itself.
WRX hadn’t seen a proper pump in months—not since the July 2024 hack shook user trust and froze funds. This move feels like the token trying to breathe again.
Of course, the case isn’t over. It’s just been redirected. But for now, WRX finally has a chart worth watching again.
Also Read: Whales Drive Dogecoin Surge: Will DOGE Price Hit $1 in 2025?
