XRP extends slide amid negative funding and higher yields
XRP fell for a fourth day as negative funding rates and rising U.S. Treasury yields weighed on sentiment, with key support near $1.400 under threat.
SHIB launches on Solana via the Sunrise gateway, departing from its previous focus on Shibarium.
Shiba Inu (SHIB) has gone live on Solana via Sunrise, a token gateway developed by Wormhole Labs, giving the Ethereum-originated meme token access to a blockchain popular with meme coin traders.
The move departs from SHIB’s previous strategy. The team had long encouraged holders to use Shibarium, its own layer-2 chain, instead of other networks.
Following the listing, SHIB rose in price. Data from BeInCrypto shows the token climbed 3.89% in the past day, with the bulk of that gain occurring after Solana’s announcement. Over the last seven days, SHIB has increased 2.69%. Despite that, it is still about 93% below the all-time high reached in October 2021.
Solana revealed the news on X.
BREAKING: $SHIB is live on Solana via @sunrise https://t.co/5YMgpqwlp1 pic.twitter.com/bwHIlG1YSN
— Solana (@solana) October 4, 2026
The SHIB team followed up with a playful nod to the news.
Different chain. Same dog. 🐕
— Shib (@Shibtoken) October 5, 2026
Have we mentioned $SHIB is on Solana yet?
We have?
Good. Just checking. pic.twitter.com/0AENVGaVKa
Sunrise serves as a gateway for tokens from other chains, using Wormhole’s NTT standard. As a result, SHIB on Solana is the canonical token rather than a wrapped version. Sunrise’s first listing was Monad’s MON.
Solana has been a hub for dog-themed tokens such as Bonk (BONK). But that segment has lost momentum. BONK fell to its lowest price since November 2023 in August, following Upbit’s announcement of a delisting.
SHIB steps into a competitive field at a time when its local rivals are declining.
The move prompts questions about Shibarium. Earlier this year, on-chain metrics indicated that Shibarium activity was plummeting while SHIB traded near multi-year lows.
Consequently, Solana provides SHIB with an existing audience.
Cost also favors the move. While SHIB still trades on Ethereum, transactions on Solana cost a base fee of 0.000005 SOL, which is less than a cent. Ethereum fees, by comparison, vary with network congestion and can increase during peak times.
The expansion comes with a known risk. Unauthorized tokens bearing the SHIB name are already present on Solana. The Solana network has advised users to check the official contract address on tokens.xyz before making trades.
In the end, the listing will test if meme coin loyalty can transfer across blockchains. If SHIB gains significant volume on Solana, other Ethereum tokens might take the same path. The SHIB community now has a second front to protect.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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