Shiba Inu on Solana: two verified tokens carry the SHIB ticker, and what matters now

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Shiba Inu has been trading on Solana since October 4. Two verified tokens now carry the same ticker there, and the one with the most holders is not Shiba Inu. How to recognise the canonical mint address, and why the familiar safety rule misleads here.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 dece...