Shiba Inu’s SHEboshis Sold Out Instantly in Second Phase Minting

Shiba Inu, one of the strongest players in the meme world showcased a record-breaking performance. Its latest NFT collection, SHEboshis was sold out in a few hours in the second phase of the minting process. 20,000 SHEboshis NFTs were sold within 3-5 minutes. The Doge Killer (LEASH) holder played a major role in the NFT collection sale.       

Shiba Inu’s another record-breaking milestone 

Shiba Inu once again benefited from having one of the most energetic communities in the crypto sector, SHEboshis. The NFT collection in the second phase of minting, instantly sold out within 3 to 4 hours. 

According to OpenSea data, the project holds a total volume of 1,765 ETH, with total sales of 16,966 and floor price of 0.169 ETH. Minting of the NFT project was categorized into three phases, of which phase 1 and phase 2 are accomplished.    

In phase 1, Shiboshi holders were given priority and were offered some portions of the NFT at zero cost. Once the phase 1 minting window was closed, a second window was opened that prioritized Doge Killer (LEASH) holders.

Within 3-5 minutes of the window opening, all the 20,000 NFTs were sold. However, the LEASH holders had to wait for the trades to be verified on the blockchain. The success news was shared by the Shiba Inu marketing specialist Lucie on the X platform.       

Additionally, the cost for minting the NFT was 0.05 ETH, excluding gas fees. 

As per the news, Shiba Inu’s LEASH hiked by 13% to approach $400 whereas the SHIB hasn’t experienced any major price fluctuations yet. In short, the SHEboshis NFT project stirred the entire Shib community. 

What about the third phase minting process?

The second phase of the minting process outperformed, and the demand exceeded the supply before the next phase of public minting. The creators can still get a second-hand NFT on OpenSea. 

Talking about the third phase, developers already planned for the third phase minting process to release the remaining NFTs.  However, the next phase will no longer hold as most of the NFTs are already sold.     

SHEboshis NFT project was introduced by the Shiba Inu community in February 2024 and offers a collection of 17.6K unique items. The project is streaming over the Ethereum blockchain and offers 5% of the earnings to digital art enthusiasts.  

According to OpenSea data, the NFT collection holds a current floor price of 0.175 ETH and has 2,293 owners of which 13% are unique owners.    

As per CoinMarketCap data, the current price of Shiba Inu is $0.000009615, an upsurge of 0.88% in one day. The market cap of the meme coin is $5,663,765,836, with a 24-hour volume of $153,013,462.      

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.