Shiba Inu has been trading on Solana since October 4. Anyone searching a Solana app for the ticker SHIB since then gets several results. On Wednesday afternoon two different tokens carried that ticker and both were flagged as verified, and the one with by far the most holders was not Shiba Inu but a different memecoin. The short answer to the question of what counts now: the address decides which token you are dealing with, never the ticker, and the usual safety rule for Solana tokens points in the wrong direction in this case.
This piece explains what happened technically on October 4, what the canonical issue on Solana looks like, how you tell it apart from namesakes, and what applies legally and for tax when buying through a decentralised exchange in Germany.
SHIB on Solana since October 4: Sunrise, Wormhole and nine trading venues
On the afternoon of October 4, 2026 the bridge project Sunrise announced that SHIB had been listed on Solana; a few minutes later the official Shiba Inu account and the Solana account confirmed the report. Sunrise is a bridge built on Wormhole technology. A bridge is a program that makes a toke...
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