Update
Upbit Holds $1.1 Billion in Dogecoin and Shiba Inu
Major South Korean exchange Upbit holds $816.81 million worth of Dogecoin (DOGE) and $284.75 million worth of Shiba Inu (SHIB), totaling $1.1 billion. These holdings are the largest after Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Upbit's balance of DOGE has been growing for years, currently the highest on Arkham's chart. Shiba Inu numbers are even more significant, with Upbit likely holding about three-quarters of all SHIB available on exchanges. Both assets are experiencing bearish market conditions, with DOGE trading at around $0.0693 and SHIB at $0.00000443, below their respective support levels and moving averages.