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SHEboshi NFTs Sell Out in Under Three Hours, Floor Price Reaches 0.175 ETH on OpenSea

23/02/2024 18:09

ETH

SHIB

According to CryptoPotato, SHEboshi NFTs, associated with the popular meme coin Shiba Inu (SHIB), sold out in under three hours post-launch, with all 20,000 collectibles claimed before the public minting phase. Initially set at 0.05 ETH each, the SHEboshi NFTs now have a floor price of 0.175 ETH on OpenSea. The Shiba Inu team recently informed that the distribution of the 20,000 digital collectibles would include three stages: free claim for Shiboshis holders, exclusive access to LEASH holders, and public mint. However, the third phase will not occur due to the rapid sellout. The cost of minting a single NFT was set at 0.05 ETH, excluding gas fees. Currently, SHEboshi collectibles can be traded on OpenSea at a floor price of 0.175 ETH, boasting a total value of over $10 million. This is not the first time Shiba Inu-related non-fungible tokens have made headlines. In 2021, the team behind the meme coin launched 10,000 digital collectibles representing 'lovable creatures' (the Shiboshis). 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. The hype surrounding the collectibles gradually decreased in the following months, with their cost plunging by over 70% in Q2 2022. Currently, the floor price for Shiboshi NFTs is around 0.172 ETH, an 85% decline compared to the all-time high levels from November 2021.

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