Upbit wallets hold $1.1 billion in Dogecoin and Shiba Inu, Arkham data shows
In brief
- Upbit-attributed wallets hold $816.81 million in DOGE and $284.75 million in SHIB, per Arkham data.
- Token counts: 11.766 billion DOGE and 64.134 trillion SHIB, per U.Today's report.
- DOGE and SHIB trail only BTC, ETH and SOL among roughly $22.06 billion in Upbit holdings.
- Upbit's DOGE balance sits near the top of Arkham's chart after years of growth.
What Arkham's data shows
In token terms, it's 11.766 billion DOGE and 64.134 trillion SHIB. Those positions sit inside a much bigger book: Arkham tracks roughly $22.06 billion in total holdings for the exchange, according to U.Today.
The DOGE side is the one that stands out. Upbit's Dogecoin balance has grown for years, and U.Today said the latest reading was essentially the highest on Arkham's chart.
SHIB's exchange picture
U.Today put total SHIB exchange reserves at around 86 trillion tokens. Its own inference (not Arkham's) was that Upbit holds about three quarters of exchange-held SHIB, though that assumes the two data sources track the same wallets, and they may not.
The outlet also reported an outflow of approximately 144 billion SHIB from exchanges over 24 hours. It didn't name a source for that figure. The same report said around 183 billion SHIB flowed into exchanges over the same period, and reserves fell only 0.17%.
Neither number moved the reserve total much.
Price context at publication
These prices are from the time of U.Today's report. They aren't live quotes. Dogecoin traded around $0.07, below all major moving averages, and had lost about 35% from its September peak. U.Today said that was the lowest point on its chart in the past year.
SHIB was at $0.00000443 after breaking below an ascending trendline that had supported it since July. U.Today flagged the July low near $0.0000041 as the closest support, with the moving averages above it pointing downward. The outlet also put RSI for both tokens around 35, which isn't oversold territory yet.
That's the snapshot. Arkham's wallet data shows one Korean venue holding a lot of DOGE and SHIB, but it doesn't tell you what Upbit's users plan to do with it.
