Upbit holds about $1.1 billion in DOGE and SHIB across 13 chains

South Korea's largest crypto exchange is sitting on a large meme coin stockpile spread across more than a dozen networks South Korea’s largest crypto exchange is holding a very large bag of dog-themed tokens. According to on-chain analytics from Arkham Intelligence, Upbit holds approximately $1.1 billion in Dogecoin (DOGE) and Shiba Inu (SHIB) combined. The holdings sit in wallets labeled as belonging to the exchange. They are spread across 13 different networks, a setup that appears designed to keep liquidity flowing for local traders as market conditions shift. Dogecoin makes up the larger slice of the pile. Arkham ’s data shows Upbit holding about 11.77 billion DOGE, valued at around $839 million. Shiba Inu fills out the rest. The exchange holds roughly 64.16 trillion SHIB, worth approximately $287 million.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Briefing.