Indian crypto investors are buying the dip in bitcoin and other layer 1 tokens, maintaining a well-diversified portfolio, CoinDCX told CoinDesk. Traders have matured, shifting away from the speculative memecoins that dominated in 2021. "Indian investors are maturing. They're no longer driven purely by sentiment or headlines; instead, they're focused on fundamentals and the long-term potential of the asset class," CoinDCX's CEO Sumit Gupta said in an email. CoinDCX has seen a growth in volumes despite the bitcoin price drop as the exchange remains committed to complying with regulatory policies.