According to CoinMeta, South Korea's largest cryptocurrency exchange Upbit seized the opportunity to increase its holdings of Shiba Inu ( SHIB ) by 64.16 trillion coins at a lower price amidst the ongoing market downturn, with a total holding value of approximately $284 million. According to the latest data from blockchain intelligence firm Arkham, the holding volume of Upbit's SHIB has significantly increased, and these tokens are marked as belonging to Upbit's wallets, indicating their continued bullish stance. Furthermore, an audit report in August confirmed that its SHIB reserves exceed user liabilities, further demonstrating its strong exposure to this popular token. In addition to Upbit, other large companies also hold a substantial amount of SHIB, but Upbit remains the largest holding entity. The largest cold wallet of Robinhood holds about 39.27 trillion SHIB coins, valued at around $174 million, accounting for 3.93% of the asset supply. Although Upbit is the largest holding entity of SHIB, data shows that the SHIB destruction address is still the largest holder, possessing about 410.44 trillion SHIB coins, which accounts for 41.04% of the total supply.