$1.1 billion worth of Dogecoin and Shiba Inu observed in Upbit-labeled wallets
Original headline11억달러어치 도지코인·시바이누, 업비트 분류 지갑서 관측
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Arkham Intelligence flagged wallets labeled as belonging to Upbit holding roughly 11.75 billion DOGE and 64.16 trillion SHIB, valued at about $820.1 million and $284.9 million respectively—around $1.1 billion combined—as of 7:30 p.m. on the 10th. The two tokens represent only part of the approximately $22.1 billion in total assets Arkham links to the Korean exchange, a figure distinct from Upbit's balance-sheet holdings. The sighting matters because large exchange-linked balances can signal custodial reserves or pending trading activity in the two meme coins. What to watch next is whether these DOGE and SHIB positions move, which could point to deposit, withdrawal, or liquidity shifts on Upbit.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Upbit, Dogecoin (DOGE), Shiba Inu (SHIB), Arkham Intelligence
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