SHIB
Shiba Inu (SHIB) posted an immediate gain after the official launch of its canonical version on Solana through the Sunrise bridge, as the expansion opened a new trading route for the Ethereum-based asset and attracted fresh market activity.
According to the supplied TradingView data, SHIB rebounded from a local low near $0.000055 after the announcement, with the hourly RSI forming a bullish divergence. The token then tested resistance around $0.0000588–$0.0000598, while gaining 3.89% on the day and 2.69% over the week.
The move highlights the potential market impact of bringing an established token onto a lower-cost blockchain. Solana's average transaction fee is cited at roughly 0.000005 SOL, potentially making more frequent transactions more economical for retail traders. The supply of the original ERC-20 version of SHIB remains unchanged.
Sunrise had previously recorded a similar reaction with PEPE after launching its canonical Solana bridge on September 18. PEPE gained 5–8% during its first 48 hours after integration, breaking above the 0.0000036–0.0000038 range. A subsequent short squeeze liquidated more than $2 million in short positions, while PEPE later reached $0.0000051–$0.0000054 on September 21–22, representing gains of as much as 40% from the start of the month and pushing its market capitalization above $2 billion.
Although PEPE later corrected toward the $0.0000043–$0.0000045 range in October, it remained above its pre-listing levels. The performance has established a precedent for how canonical cross-chain deployments can influence liquidity and trading activity.
Tokens deployed under the Wormhole NTT standard can gain integration with major Solana platforms, including Jupiter, Raydium, Phantom and Kamino. For large communities such as SHIB, that infrastructure potentially redirects part of existing trading activity toward the Solana ecosystem while expanding access to the token.
The SHIB community characterized the expansion as opening a “second front,” using the slogan “Different chain. Same dog.” However, the launch also brought security risks, with fake pools appearing on Solana decentralized exchanges. Users were reminded to verify the canonical SHIB smart-contract address before interacting with the asset.
Solana
XRP
