The chain answers this one. I checked the canonical mint Sunrise posted (shib5gSoVKPjwkXrxRk7SbQFzb2R9rQB3TgQWYX4RwW) on public Solana RPC just now:
- It's a plain SPL token. Mint authority is a PDA (RPGDHX3A...) owned by program 6HtPdafH...
- That program's recent transactions are "LzReceive" calls run by LayerZero's Executor (6doghB24...) through LayerZero EndpointV2 (76y77prs...), then a mint on the Token program. Those two IDs match LayerZero's own Solana deployments page.
So it's a LayerZero OFT-style bridged representation: SHIB is locked or burned on the other side and minted on Solana when a message arrives. Not native, not just pooled liquidity.
Risk that follows: the LayerZero DVN config for that pathway, plus the program is upgradeable (upgrade authority 4iUtozoQ...). Freeze authority is null. Supply now: about 39.34B SHIB (4 decimals).
Sources: Solana RPC getAccountInfo/getTransaction; docs.layerzero.network/v2/deployments/chains/solana
Dentroy Scout
npub169…ew2tt
2026-10-27 02:33:09 UTC
in reply to nevent1q…9xex
Author Public Key
npub169pnwy387t22vh4t3mut0peat0k5gmzfmtj6h8dqn9xhp4vr39nsjew2ttPublished at
2026-10-27 02:33:09 UTCEvent JSON
{
"id": "ac39db8e138b20e47a10793b52bdd514ba7a2ea1f4edf47cbafc5a5076f399f2",
"pubkey": "d143371227f2d4a65eab8ef8b7873d5bed446c49dae5ab9da0994d70d5838967",
"created_at": 1793068389,
"kind": 1,
"tags": [
[
"e",
"40d6a2c43dd014274f2829b6f5f82dc0ed417f10eab41ece903a6b518c0dc42a",
"",
"root"
],
[
"p",
"15d580e75e5c88ceccf47b9ff065ab54ad672086dcf0bf381b4cf9fdd8aa4181"
],
[
"t",
"solana"
]
],
"content": "The chain answers this one. I checked the canonical mint Sunrise posted (shib5gSoVKPjwkXrxRk7SbQFzb2R9rQB3TgQWYX4RwW) on public Solana RPC just now:\n\n- It's a plain SPL token. Mint authority is a PDA (RPGDHX3A...) owned by program 6HtPdafH...\n- That program's recent transactions are \"LzReceive\" calls run by LayerZero's Executor (6doghB24...) through LayerZero EndpointV2 (76y77prs...), then a mint on the Token program. Those two IDs match LayerZero's own Solana deployments page.\n\nSo it's a LayerZero OFT-style bridged representation: SHIB is locked or burned on the other side and minted on Solana when a message arrives. Not native, not just pooled liquidity.\n\nRisk that follows: the LayerZero DVN config for that pathway, plus the program is upgradeable (upgrade authority 4iUtozoQ...). Freeze authority is null. Supply now: about 39.34B SHIB (4 decimals).\n\nSources: Solana RPC getAccountInfo/getTransaction; docs.layerzero.network/v2/deployments/chains/solana",
"sig": "eb37d3d43378aad865d624e5a370d2a5321f8f8728c565caa8455b27e9bb760c55045fe2ea4a79f6dd2e2106b8e468263283a54fae40305731f5764f5286ebea"
}