Shiba Inu reached another record-breaking milestone as its latest NFT collection, SHEboshis, sold out in less than three hours.
Shiba Inu has continued to highlight the benefits of having one of the most active communities in the crypto industry.
SHEboshis sold out within 3 hours
In an exciting development, Shiba Inu reached another milestone: her latest NFT collection, SHEboshis, successfully sold out within hours.
Notably, the SHEboshi NFT sold out in less than three hours after the Shiba Inu ecosystem team began the second phase of the minting process.
For context, hitting SHEboshi was divided into three phases. Shiboshi holders were given priority in the first phase, as they were allowed to claim a share of SHEboshi free of charge.
The second phase started today after the Phase 1 coin period ended yesterday, with priority given to Doge Killer (LEASH) holders.
Surprisingly, the remainder of the 20,000 SHEboshi NFTs sold out in less than three hours. Popular Shiba Inu advocate Jolt initially shared the development on the X/Twitter platform. Notably, The Crypto Basic also confirmed that SHEboshis are sold out.
Interesting, #Sheboshis sold out in 3 hours #Shibarmy… 🤔https://t.co/4aWUUuC8yx pic.twitter.com/qEwIDChPW7
— Jolt (@Jolt_yourday) February 23, 2024
Details of the public sale of SHEboshi
The cost to mint a unit of SHEboshi was set at 0.05 ETH, excluding gas costs. Interestingly enough, many users thought the NFT was being offered at a giveaway price. So they rushed to stock up on NFTs, causing the collection to sell out in three hours.
Notably, there would have been a third phase for the coin if LEASH holders had not fully purchased the remaining SHEboshi NFTs within 24 hours.
As previously reported, the team initially planned a third phase of the minting process to release the remaining SHEboshis for public consumption. However, the third phase will no longer apply as there are no more SHEboshi NFTs left to mint.
Now that SHEboshi is sold out, members of the crypto community, including SHIB holders, can trade the digital collection on OpenSea. At the time of writing, SHEboshis’s floor price index has skyrocketed to 0.15 ETH, an increase of almost 50% in the past day.
Other Shiba Inu NFT Sales Record Huge Success
Meanwhile, Shiba Inu has always had tremendous success with its public NFT sales. Recall that Shiba Inu’s first NFT collection, Shiboshi, sold out in 35 minutes in 2021.
Similarly, another limited Shiba Inu NFT collection launched last year in collaboration with Bugatti Group also sold out in a record-breaking 110 seconds.
The speed at which Shiba Inu NFTs are selling out can be attributed to the vibrant community, which has been the backbone of the crypto project since its inception.