$284 Million of Shiba Inu (SHIB) Held by Top Korean Exchange

As the broad crypto market continues to face a prolonged downturn, it appears that South Korea's largest cryptocurrency exchange, Upbit, has seized the opportunity to stack up Shiba Inu at lower prices. Latest data from blockchain intelligence firm Arkham shows that Upbit has recorded a sharp increase in its Shiba Inu holdings as the exchange appears to have continued accumulating the asset. Despite the market’s persistent downturn, Upbit has expanded its Shiba Inu holdings to hit 64.16 trillion Shiba Inu (SHIB) tokens as of November 11, 2026. At Shiba Inu’s current price, the exchange’s total Shiba Inu holdings are now worth about $284 million, according to data from Arkham Intelligence, positioning the firm as one of Shiba Inu’s largest holders.

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