South Korean exchange Upbit has sharply increased its Shiba Inu reserves amid a prolonged cryptocurrency market downturn. According to Arkham Intelligence, Upbit held 64.16 trillion SHIB tokens on November 11, 2026, worth approximately $284 million. Upbit is therefore the largest entity holding SHIB, ahead of Robinhood’s largest cold wallet, which held about 39.27 trillion SHIB worth $174.37 million. An August 2026 audit also confirmed that Upbit’s SHIB reserves exceeded its user liabilities. The SHIB burn address nevertheless remains the largest holder, with about 410.44 trillion SHIB representing 41.04% of the total supply.
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