SHIB Jumps 3.89% After Canonical Launch on Solana
- —SHIB rose 3.89% in 24 hours and 2.69% over the week after its Solana launch
- —The token bounced from $0.000055 and is testing resistance at $0.0000588–$0.0000598
- —Solana's average fee of 0.000005 SOL lowers costs for frequent traders
- —ERC-20 SHIB supply is unchanged; only liquidity access has expanded
Why it matters: Large memecoins migrating to Solana could reshape DEX volumes and intensify competition with BONK and other native tokens.
Source: Digital Today