Shiba Inu just did something weird on FameEX. On August 11, the Australian crypto exchange started letting people trade SHIB against USDT.
Right when they opened it, the SHIB price shot up to $0.00001004. Before that, it was hanging around $0.00000445. That is a 126% jump. Then it crashed back down to $0.00000442.
So what happened? Thin order books. Not many people were buying and selling on that exchange yet, so one decent-sized trade could shove the price way up, and another could shove it right back down.
That is all this was. On FameEX, the SHIB price ended up down 55% for the day. But if you look at the whole market, SHIB barely moved, up 0.67% to $0.00000447. The spike was just a FameEX thing. Nothing more.
Also, FameEX opened SHIB/USDT spot trading at 10:00 UTC on August 11, adding SHIB alongside UNUS SED LEO. The listing gave SHIB another trading venue, but the initial price action was far removed from its broader market price. The Shiba Inu price reached $0.00001004 before dropping to $0.00000442. From the peak to that low, the token lost about 56%.
#ShibaInu experienced extreme volatility on Australian-based crypto exchange FameEX, briefly soaring to $0.00001004 shortly after its listing on the platform.
— TheCryptoBasic (@thecryptobasic) August 12, 2026
Shiba Inu secured a new spot listing on FameEX, giving the meme token access to another trading venue. The exchange…
The numbers show why the move needs to be treated carefully. A rise from $0.00000445 to $0.00001004 works out to 126%, yet the token then returns to almost exactly its pre-spike level.
FameEX recorded about $430,240 in 24-hour SHIB trading volume, a relatively small figure compared with the liquidity available across major crypto markets. That makes thin order books a plausible explanation for the extreme intraday movement.
The broader SHIB price action looks much calmer. SHIB is trading around $0.00000447, up 0.67% in 24 hours, meaning the token has not replicated the FameEX move across the wider market. There is also no clear coin-specific catalyst in the supplied data that explains a sustained move toward $0.000010.
Technical traders are now watching the area around $0.0000044 closely. The recent FameEX low at $0.00000442 provides a reference point, and buyers are also monitoring a potential inverse head-and-shoulders formation around support. If that pattern develops with a confirmed breakout, it could give the SHIB price a path toward higher resistance levels.
Related Shiba Inu News: 3 Reasons It Could Be All Over for Shiba Inu Holders as SHIB Price Crashes 90%
A separate post from KeithM8DBr8D argues that SHIB should be treated as a commodity in the United States and points to its burn rate as a reason to hold the token. That is a market opinion, not evidence of a regulatory classification or a guaranteed price catalyst, so the burn data would need to be assessed separately before drawing a bullish conclusion.
What happened on FameEX was just a blip. The price hit $0.00001004 over there, but it came straight back down to $0.00000445. That spike did not reset the price for everyone else. It was an exchange thing, not a market thing.
Now, watch the $0.00000442 to $0.00000445 zone. If the SHIB price stays there and buyers step in to confirm that head-and-shoulders pattern we are seeing, the next move could be a good one. But if the price drops below that area, the pattern falls apart. Then SHIB is just stuck in the same old range again.
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