Shiba Inu (SHIB) Goes Live on Solana via Wormhole Labs' Sunrise on October 4

Solana Adds SHIB Through Sunrise

Shiba Inu (SHIB) went live on Solana on Saturday, October 4, in a move confirmed in the network's official announcement on X, which states that the dog-themed memecoin is now tradable there through Sunrise, an asset gateway built by Wormhole Labs. Sunrise connects assets from external chains to Solana applications, giving traders a canonical Solana representation of SHIB that can be bought and sold inside the network's decentralized markets. The change does not move SHIB off Ethereum. The original SHIB is an ERC-20 token that launched on Ethereum in 2020, and that contract stays in place. Shibarium, the project's Ethereum layer-2 network, is also unaffected: the listing replaces neither the token's home chain nor the scaling solution. Solana's post describes Shiba Inu as one of the largest communities in crypto and points to the project's growth beyond its dog-mascot origins. Sunrise's job goes beyond minting a new token. The gateway designates a canonical Solana (SOL) version with the issuer's approval, provisions liquidity, and integrates the asset with wallets, decentralized exchanges and aggregators. That step exists because unofficial copies of a popular token can otherwise appear on one chain and split liquidity across separate markets. In its public notice, Sunrise says the canonical version will be the official route for spot trading on Solana. One open question remains: neither the announcement nor the notice specifies which bridge technology carries SHIB to Solana. Sunrise's earlier PEPE listing used Wormhole's Native Token Transfers (NTT) framework, but the project has not confirmed the same mechanism applies here. For a token that has historically traded on Ethereum-based venues, the addition opens a second major settlement layer for the first time. The Shiba Inu price itself has shown little reaction so far, trading near $0.0000057 at press time, and neither team has published volume figures tied to the listing.

@solana · X post

The network's official announcement.

View on X

Sunrise's Multichain Pipeline

Shiba Inu (SHIB) is the latest in a series of external assets Sunrise has pulled into Solana since the gateway launched in November 2025, when its headline listing was Monad's MON token. Dogecoin followed in September, routed through Sunrise and Wormhole's NTT standard. PEPE arrived on September 18, making the Ethereum-based token accessible across Solana applications. The pattern is deliberate: Ethereum-native tokens with large retail followings are getting official footholds on Solana's venue mix. For Shiba Inu holders, the practical change is access rather than ownership. The token can now circulate through Solana crypto wallets, decentralized exchange venues and aggregator routes without wrapping through third-party infrastructure. Earlier, a holder who wanted the asset on Solana had to rely on independent bridges, adding steps and counterparty risk to every transfer. Sunrise's design also covers liquidity provisioning, so market makers can seed the approved representation instead of guessing which copy of the token will win. The setup still depends on adoption: if venues list unofficial Shiba Inu (SHIB) variants instead of the canonical mint, the liquidity-splitting problem the gateway was built to solve returns. COINOTAG's live monitoring has not yet registered a measurable volume shift attributable to the new route. The $0.0000057 moving-average band we documented earlier still frames SHIB's recent range, and a listing alone does not alter that structure. Traders who want the level-by-level view can follow our SHIB technical analysis.

Solana Volume Is the Next Test

COINOTAG's analysis: the SHIB addition is less about one token and more about a distribution model. Sunrise has routed MON, Dogecoin, PEPE and now SHIB into Solana in under a year, giving large Ethereum communities native access to a new user base. The model's test is liquidity: a canonical mint only matters if venues adopt it, and the flat reaction near $0.0000057 shows listings alone rarely move large caps. Holders also have supply-side risk in view, after a 277 billion token exchange inflow we reported earlier raised sell-pressure concerns. Two markers decide the next phase: whether Solana-native volume against the official representation builds in coming sessions, and whether the bridge mechanism left unstated in the notice gets published.