The PEPE token, originally from Ethereum, has recorded over $40 million in trading volume on the Solana blockchain within approximately 24 hours of its debut, facilitated by the Sunrise asset orchestration layer. This significant activity highlights a notable demand for meme tokens on Solana’s infrastructure and demonstrates Sunrise’s approach to cross-chain asset migration.
Sunrise, built on Wormhole infrastructure by Wormhole Labs, functions as an asset orchestration layer. Its core mechanism involves creating ‘canonical tokens’ for assets from other blockchains and distributing them across major Solana decentralized exchanges, including Raydium, Orca, and Meteora, with immediate liquidity. The platform was established in November 2025.
The substantial trading volume for PEPE on Solana suggests that a considerable segment of its trading community was actively seeking an efficient on-ramp to the network. This debut coincided with a broader market rebound, which likely amplified trading volumes for the PEPE token across various platforms. The performance indicates a continued appetite for meme tokens on faster and more cost-effective blockchain networks, potentially offering an alternative to the higher transaction fees and slower speeds sometimes experienced on Ethereum.
Sunrise reported the $40 million trading volume milestone on September 19. This event is part of a larger trend of cross-chain asset migration to Solana, as evidenced by Sunrise-listed assets collectively surpassing $10 billion in lifetime trading volume on the network by early September 2026. The success of PEPE on Solana, generating significant activity without liquidity fragmentation, suggests this model could be repeatable for other high-demand tokens originating on Ethereum or other blockchains.
While the precise 24-hour period for the $40 million volume is described as ‘roughly a day,’ the reported figures demonstrate a notable market reception. The PEPE token’s performance on Solana through Sunrise validates the canonical token model at scale for Wormhole Labs, positioning Sunrise as a comprehensive orchestration layer for assets entering the Solana ecosystem, rather than merely a bridge. The metric of $40 million in trading volume does not indicate price direction.
Why This Matters
The materials describe a narrow update: The PEPE token, originally from Ethereum, was launched on Solana through Sunrise, an asset orchestration layer. The exact duration of the 24-hour period for the $40 million volume is not precisely defined, referred to as ‘roughly a day’ and ‘roughly 24 hours’.
Broader Context
Source materials place the factual news in this context: PEPE is a frog-themed meme token born on Ethereum.
