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TL;DR<\/p>\n
SHEboshi NFTs, associated with Shiba Inu (SHIB), sold out in under three hours post-launch, with all 20,000 collectibles claimed before the public minting phase.
\nInitially set at 0.05 ETH each, the SHEboshi NFTs now have a floor price of 0.175 ETH on OpenSea.<\/p>\n
<\/span><\/p>\n The popular meme coin Shiba Inu (SHIB)\u00a0blasted<\/span>\u00a0through another huge milestone, this time related to the non-fungible token field. Data shows that SHEboshi NFTs were\u00a0<\/span>sold out<\/span>\u00a0less than three hours after the conclusion of the second phase of the minting process.\u00a0<\/span><\/p>\n Interesting, #Sheboshis sold out in less than 3 hrs #Shibarmy \u2026 🤔https:\/\/t.co\/4aWUUuC8yx pic.twitter.com\/qEwIDChPW7<\/p>\n \u2014 Jolt (@Jolt_yourday) February 23, 2024<\/p>\n<\/blockquote>\n The team behind Shiba Inu recently informed that the distribution of the 20,000 digital collectibles will include three stages: free claim for Shiboshis holders, exclusive access to LEASH holders, and public mint. The third phase will not occur due to the aforementioned development.<\/span><\/p>\n The cost of minting a single NFT was set at 0.05 ETH, excluding gas fees. Currently, SHEboshi collectibles can be\u00a0<\/span>traded<\/span>\u00a0on OpenSea at a floor price of 0.175 ETH, thus boasting a total value of over $10 million.<\/span><\/p>\n This is not the first time Shiba Inu-related non-fungible tokens have made the headlines. In 2021, the team behind the meme coin\u00a0<\/span>launched<\/span>\u00a010,000 digital collectibles representing \u201clovable creatures\u201d (the Shiboshis).<\/span><\/p>\n The NFTs were minted in mere minutes, causing a severe wave of demand. The starting cost of a digitized creature hovered between 0.1 ETH and 0.3 ETH. However, the floor price skyrocketed above 1 ETH shortly after.<\/span><\/p>\n The hype surrounding the collectibles gradually decreased in the following months, with their cost\u00a0<\/span>plunging<\/span>\u00a0by over 70% in Q2 2022.\u00a0<\/span><\/p>\n Currently,\u00a0<\/span>the floor price for Shiboshi NFTs<\/span>\u00a0is around 0.172 ETH (an 85% decline compared to the all-time high levels from November 2021).<\/span><\/p>\n\n
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