Shiba Inu (SHIB) is now live on Solana, giving the Ethereum-born meme coin a foothold on a network known for meme coin trading. The listing runs through Sunrise, a token gateway backed by Wormhole Labs.
The move breaks with SHIB’s own playbook. For years, the team pushed holders toward Shibarium, its in-house layer-2 network, instead of rival chains.
A Second Front Opens on Bonk’s Home Turf
SHIB traded higher after the listing went live. The token gained 3.89% over the past 24 hours, according to BeInCrypto price data, with most of the move coming after Solana’s announcement. Over the past week, SHIB is up 2.69%. Still, it remains roughly 93% below its October 2021 all-time high.
Solana announced the listing on X.
The SHIB team followed up with a playful nod to the news.
Sunrise acts as an on-ramp for tokens from other blockchains. It relies on Wormhole’s Native Token Transfers (NTT) standard. This means SHIB on Solana is the canonical token, not a wrapped copy. Monad’s MON became Sunrise’s first listing.
Meanwhile, Solana has long been home to dog-themed rivals like Bonk (BONK). However, that corner of the market has cooled. BONK slid to its lowest level since November 2023 in August after Upbit announced a delisting.
SHIB enters a crowded arena just as its local competitors are struggling.
Can SHIB on Solana Win Over Meme Coin Traders?
The timing raises questions about Shibarium. Earlier this year, on-chain data showed Shibarium usage collapsing while SHIB traded near multi-year lows.
As a result, Solana offers SHIB a ready-made audience.
Cost is another draw. SHIB remains on Ethereum, but traders on Solana pay a base fee of 0.000005 SOL per transaction, a fraction of a cent. Ethereum fees, in contrast, fluctuate with network demand and can climb during busy periods.
The expansion carries a familiar risk. Unofficial tokens using the SHIB name already exist on Solana. Solana itself urged users to verify the official contract address on tokens.xyz before trading.
Ultimately, the listing tests whether meme coin loyalty can travel across chains. If SHIB on Solana draws real volume, other Ethereum-based tokens could follow the same route. The SHIB Army now has a second home to defend.
