After being indicted, Donald Trump’s NFT collection explodes by nearly 500 percent
Key Points:
- After he became the first US President to face criminal charges, trading volume for NFT Trump Digital Trading Cards increased by 461 percent.
- An NFT has a floor price of 0.534 ETH, or approximately $980, on OpenSea.
- Donald Trump will personally appear next week after being charged with more than 30 counts of fraudulent business dealings.
Following the announcement that the former president was the first person to be indicted on criminal charges by a grand jury in New York, NFT sales of Donald Trump trading cards have increased nearly 500 percent in the past 24 hours.
The floor price of Donald Trump’s NFT collection, or the price of the cheapest-listed NFT in the collection, increased 24 percent in the previous 24 hours to $1,023, according to data from NFT Price Floor. The floor cost on Thursday night dropped barely shy of outperforming the record-breaking high of $1,079 from February, which happened soon after the insight about Trump’s arraignment down and out.
In addition, sales have increased dramatically since last night, with CryptoSlam reporting a 461 percent increase in secondary trade volume compared to the previous period. The Trump NFT sold for $184,000 the day before, according to the website.
In just a few hours of its release in December of last year, the NFT collection quickly sold out, even occupying the top trading volume on OpenSea at the time. Nonetheless, the previous President, who is getting back to American legislative issues, made sense of that he delivered NFT just to fulfill his enthusiasm for craftsmanship, not to request cash.
An NFT has a floor price of 0.534 ETH, or approximately $980, on OpenSea.
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According to reports in the media on March 30, Donald Trump became the first president of the United States to face criminal charges in the nation’s history following the affirmative vote of a grand jury in New York.
More than 30 charges pertaining to dishonest business dealings have been brought against Donald Trump. Trump is expected to personally appear next week, possibly as early as Tuesday, to hear the charge, which is currently sealed.
The indictment was the result of an investigation into the hush money that celebrity Stormy Daniels received from Donald Trump prior to the 2016 election. According to the former federal prosecutor, the trial will be the most politically contentious in American history.