SHEboshi NFTs Associated with Shiba Inu (SHIB) Sell Out in Under Three Hours
The SHEboshi NFTs, which are associated with the popular meme coin Shiba Inu (SHIB), were sold out in less than three hours after the conclusion of the second phase of the minting process. This milestone demonstrates the high demand for NFTs in the crypto community.
Key Points:
- All 20,000 SHEboshi NFTs were claimed before the public minting phase.
- The initial price of 0.05 ETH per NFT has now increased to a floor price of 0.175 ETH on OpenSea.
The SHEboshi NFTs were initially launched as digital collectibles representing “lovable creatures” known as Shiboshis. The minting process was completed within minutes, causing a surge in demand. However, the hype surrounding these collectibles gradually decreased, leading to a significant decline in their value.
Currently, the floor price for Shiboshi NFTs is approximately 0.172 ETH, which represents an 85% decline from their all-time high levels in November 2021.
Hot Take: SHEboshi NFTs Demonstrate Strong Demand for Shiba Inu’s Brand
The rapid sell-out of SHEboshi NFTs highlights the strong demand for Shiba Inu’s brand and its association with digital collectibles. Despite the subsequent decline in value, these NFTs initially garnered significant attention and fetched high prices. As a crypto enthusiast, you should keep an eye on emerging trends and developments in the NFT market, as they can provide valuable insights into investor sentiment and market dynamics.
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