Shiba Inu skilled excessive volatility on Australian-based crypto alternate FameEX, briefly hovering to $0.00001004 shortly after its itemizing on the platform.
Shiba Inu secured a brand new spot itemizing on FameEX, giving the meme token entry to a different buying and selling venue. The alternate introduced that it had added $SHIB alongside UNUS SED $LEO ($LEO), with spot buying and selling for the $SHIB/$USDT and $LEO/$USDT pairs opening at 10:00 UTC on August 11, 2026.
On the identical time, FameEX enabled $SHIB deposits and withdrawals, permitting customers to switch the token to and from the alternate.
FameEX described Shiba Inu as a decentralized, community-driven meme token launched on Ethereum in 2020. The alternate additionally highlighted the broader Shiba Inu ecosystem, together with Shibarium and ShibaSwap, in addition to companion tokens reminiscent of LEASH and BONE.
FameEX is headquartered and registered in Parramatta, New South Wales, Australia, and in addition operates regional hubs, together with an workplace in Dubai.
$SHIB Briefly Surges to $0.00001004
Following the itemizing, $SHIB skilled important volatility on FameEX. The token briefly surged to $0.00001004, marking a pointy transfer from its prevailing market worth.
The spike seems to have been pushed primarily by skinny liquidity and heightened volatility surrounding the newly launched buying and selling pair. Nevertheless, the surge was short-lived. After reaching $0.00001004, $SHIB rapidly reversed and fell to a low of $0.00000442 on FameEX.
In line with FameEX information, $SHIB was buying and selling round $0.00000445, representing a 55.48% decline over 24 hours on the alternate. In the meantime, the token recorded $430,240 in 24-hour buying and selling quantity on FameEX.
$SHIB Returns Briefly to the 4-Zero Vary
The transient transfer to $0.00001004 stands out as a result of $SHIB had not traded across the $0.00001 stage since January 5, 2026. Since then, the token has suffered a considerable decline, making its short-term return to the $0.00001 area on FameEX notable regardless of the sharp reversal that adopted.
In the meantime, broader market weak point continues to weigh on Shiba Inu. $SHIB has dipped 8.81% over the previous seven days and 1.13% over the previous 24 hours.
Though $SHIB not too long ago climbed as excessive as twenty fifth within the world cryptocurrency rankings, it has since slipped to thirtieth. At press time, $SHIB carried a market valuation of $2.62 billion.
