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. The breakdown: mostly dog, also dog 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. Those valuations reflect prices as of late 2026. Shuffling the deck, and showing the receipts Upbit has not just been sitting on its SHIB. In July 2026, the exchange carried out an internal rebalancing that moved 864 billion SHIB, a step aimed at improving liquidity. That move came after a 36% price surge that was attributed to localized buy...