South Korean cryptocurrency exchange Upbit maintains a significant reserve of meme coins, with holdings of Dogecoin and Shiba Inu totaling approximately $1.1 billion. These assets are distributed across 13 distinct blockchain networks to ensure liquidity for local trading activities.
Data from Arkham Intelligence indicates that Upbit holds 11.77 billion DOGE, valued at about $839 million, and 64.16 trillion SHIB, worth roughly $287 million. In July 2026, the exchange performed an internal rebalancing, shifting 864 billion SHIB between its own wallets to manage liquidity following a 36% price increase.
An independent audit published in August 2026 verified that Upbit's reserves for both DOGE and SHIB exceed its total user liabilities. This audit serves as a confirmation of asset availability for the exchange's customer base.
By mid-September 2026, the trading volume for the SHIB/KRW pair on Upbit reached $5.29 million per day, matching the daily volume recorded on Binance. This performance was driven by local market premiums and accumulation by large-scale holders.
