ApeCoin ($APE) Goes Live on Solana as a Canonical Token via Sunrise, Trading Open on Raydium

Sunrise listed ApeCoin (APE) as a canonical SPL token on Solana on September 22. The announcement at 17:22 UTC read: "$APE is now listed on @Solana via Sunrise." A follow-up reply in the same thread designated mint C1MHyoTJpRTeS9AQCyspNVu2EWAYCZwmJ1jNkEArFP1f as "the canonical $APE on Solana." Raydium RAY$1.77-3.1% confirmed the market live at 17:43 UTC: "$APE is live on Raydium. ApeCoin is now trading on Solana via @sunrise."

Sunrise uses Wormhole's Native Token Transfers (NTT) to bring cross-chain assets to Solana as dedicated SPL tokens with unified liquidity, rather than through bridge wrappers or swap-aggregated routes. Earlier this month, the same mechanism brought INJ to Solana. Sunrise crossed $1 billion in weekly trading volume on Solana earlier today.

First-Day Metrics: $17.7M Volume, 9,100+ Holders

In its first 24 hours, the canonical APE token on Solana recorded $17.7 million in trading volume across roughly 206,000 trades, with 19,847 unique traders participating and 9,126 wallets holding the token as of September 22 19:15 UTC, per Solana Compass data.

ApeCoin is the governance token of the Bored Ape Yacht Club ecosystem, created by Yuga Labs and launched on Ethereum in April 2022. It has historically been used for governance votes across BAYC-related products and as a payment currency within the Yuga Labs ecosystem, with a circulating supply across Ethereum and ApeChain.

LaunchOnSF Opens APE as a Memecoin Launchpad Base Pair

Hours after the Sunrise listing, LaunchOnSF (operating as StonkFun) announced that users can launch new coins on Solana paired against $APE. LaunchOnSF confirmed the feature directly in replies to the announcement.

LaunchOnSF is a Solana-based memecoin launchpad built on top of the same Sunrise infrastructure. The APE pairing option means new tokens can use APE as their quote currency instead of SOL or USDC, channeling buy-side activity through the canonical Raydium pool. It gives APE holders a direct path into Solana's launch ecosystem while creating demand at the token level for new issuances.

What a Canonical NTT Listing Means for APE Holders

The canonical designation distinguishes the Sunrise NTT token from bridge-routed or swap-aggregated versions. NTT tokens are backed by locked supply on the origin chain (in APE's case, Ethereum) rather than independently minted wrappers. Sunrise issues a single SPL mint address that all integrated liquidity concentrates around, avoiding the fragmented pool problem that makes many cross-chain assets inefficient to trade.

For APE holders who want to trade on Solana, this means one address, one pool, and Solana's sub-cent transaction costs rather than Ethereum mainnet gas fees. For Solana traders, the BAYC ecosystem's governance token becomes tradeable on Raydium as a canonical SPL asset rather than a bridge-wrapped substitute, with all liquidity concentrated in a single pool.