Former US President Donald Trump’s NFT Trading Cards collection recorded a surge in value in the past 24 hours despite the news that the former president is under criminal investigation.
The trading volume of Trump Digital Trading Cards has surged by approximately 300% over the past 24 hours. Data from NFT Price Floor indicates that there have been 179 sales, with a total volume of 99.952 ETH.
The price floor of Trump Digital Trading Cards also increased by 24.84%. It is now trading for 0.598 ETH. The average sale price over the past seven days was 0.5304 ETH, with the highest sale price at 1.2955 ETH and the lowest at 0.0755 ETH. The project currently has a floor cap of 26,910 ETH and is ranked #25 on NFT Price Floor.
Trump published his first collection of digital playing cards on his website on December 15, 2022, and all of the NFTs were sold out within hours of their release. Initially minted at $99, the price of these NFT cards has since surged by 1,096%.
Thank God, the digital trading cards are here. It was indeed a MAJOR ANNOUNCEMENT. pic.twitter.com/T1nsqRwr92
— Ben Shapiro (@benshapiro) December 15, 2022
With a maximum supply of 45,000 and a reported ratio of 16.63%, the cards have had 13,963 unique owners since their debut, representing a 31.03% increase. The recent price increase has resulted in profits for collectors, but Trump’s impending arrest may end all bonus opportunities.
Trump’s NFT collection was launched on the Polygon blockchain, marking his entry into the cryptocurrency market despite his previous skepticism towards Bitcoin. The NFTs and artwork may have gained popularity due to the package deal accompanying their purchase, with Trump even suggesting private or formal dinners for collectors with select digital collections.
The former US President reportedly faces charges from a Manhattan grand jury for hush-money payments that his former personal lawyer made to adult film star Stormy Daniels in 2016. The payments were allegedly made in exchange for her silence about rumours of an affair with Trump. When the charges are released, Trump will be the first former US president to be criminally indicted.
Although Trump has admitted to reimbursing Cohen for the money paid to Stephanie Clifford (Daniels’ real name), he has denied having an affair with her.
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