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The expansion of the largest Ethereum assets onto the Solana blockchain, gradually implemented by the Sunrise bridge, has begun to deliver measurable financial results. The official launch of the canonical version of Shiba Inu (SHIB) was immediately reflected in its price.
The transfer of liquidity through Sunrise infrastructure did more than expand the token's reach: it triggered an influx of fresh capital, following a market pattern that has already proved effective.
According to TradingView's hourly chart, the RSI indicator formed a bullish divergence immediately after the announcement. SHIB rebounded from a local low near $0.000055 and moved on to test resistance at $0.0000588–$0.0000598, recording a daily gain of +3.89% (+2.69% for the week).
For a coin with a large market capitalization, such a quick reaction is a direct economic effect of opening a cheaper trading route: the average fee on Solana is just 0.000005 SOL, making frequent transactions profitable for retail traders. The supply of the original ERC-20 token remains unchanged.
The domino effect, but with frogs and dogs
Sunrise's technological solutions had already demonstrated their effectiveness two weeks earlier. The launch of the canonical PEPE bridge on Solana on September 18 showed how cross-chain integration can give tokens lasting market momentum. In the first 48 hours after the integration, PEPE rose by 5–8%, breaking out of the 0.0000036–0.0000038 range.
A subsequent short squeeze liquidated more than $2 million in short positions. At the rally's peak on September 21–22, PEPE reached 0.0000051–0.0000054, gaining as much as 40% since the start of the month and pushing its market capitalization back above $2 billion.
Despite the natural October correction to the 0.0000043–0.0000045 range, PEPE remains well above its pre-listing levels.
Sunrise's successful cases set a precedent for systematic capital inflows. Canonical tokens deployed under the Wormhole NTT standard receive immediate, seamless integration with key Solana platforms: the Jupiter aggregator, Raydium DEX, Phantom wallets, and the Kamino DeFi protocol.
The arrival of major tokens with established communities of millions leads to a natural redistribution of Solana's trading volume, crowding out native projects on the host blockchain. BONK is one example: its volume declined after it was delisted from several Asian exchanges.
The SHIB community succinctly described the move as opening a "second front," backing it with the official slogan: "Different chain. Same dog."
Fake pools flooded Solana's decentralized exchanges amid the excitement. The developers remind users that the only verified address for the canonical smart contract (CA) is shib5gSoVKPjwkXrxRk7SbQFzb2R9rQB3TgQWYX4RwW.
Arman Shirinyan
Dan Burgin
