Shiba Inu Briefly Surges to $0.00001004 on Australian Exchange After New Listing

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Shiba Inu experienced extreme volatility on Australian-based crypto exchange FameEX, briefly soaring to $0.00001004 shortly after its listing on the platform.

Shiba Inu secured a new spot listing on FameEX, giving the meme token access to another trading venue. The exchange announced that it had added $SHIB alongside UNUS SED $LEO ($LEO), with spot trading for the $SHIB/$USDT and $LEO/$USDT pairs opening at 10:00 UTC on August 11, 2026.

At the same time, FameEX enabled $SHIB deposits and withdrawals, allowing users to transfer the token to and from the exchange.

FameEX described Shiba Inu as a decentralized, community-driven meme token launched on Ethereum in 2020. The exchange also highlighted the broader Shiba Inu ecosystem, including Shibarium and ShibaSwap, as well as companion tokens such as LEASH and BONE.

FameEX is headquartered and registered in Parramatta, New South Wales, Australia, and also operates regional hubs, including an office in Dubai.

$SHIB Briefly Surges to $0.00001004

Following the listing, $SHIB experienced significant volatility on FameEX. The token briefly surged to $0.00001004, marking a sharp move from its prevailing market price.

The spike appears to have been driven primarily by thin liquidity and heightened volatility surrounding the newly launched trading pair. However, the surge was short-lived. After reaching $0.00001004, $SHIB quickly reversed and fell to a low of $0.00000442 on FameEX.

According to FameEX data, $SHIB was trading around $0.00000445, representing a 55.48% decline over 24 hours on the exchange. Meanwhile, the token recorded $430,240 in 24-hour trading volume on FameEX.

$SHIB Returns Briefly to the Four-Zero Range

The brief move to $0.00001004 stands out because $SHIB had not traded around the $0.00001 level since January 5, 2026. Since then, the token has suffered a substantial decline, making its temporary return to the $0.00001 region on FameEX notable despite the sharp reversal that followed.

Meanwhile, broader market weakness continues to weigh on Shiba Inu. $SHIB has dipped 8.81% over the past seven days and 1.13% over the past 24 hours.

Although $SHIB recently climbed as high as 25th in the global cryptocurrency rankings, it has since slipped to 30th. At press time, $SHIB carried a market valuation of $2.62 billion.