2 months ago 2 min read

Donald Trump's NFT Collection Explodes About 500%

donald trump-eth-opensea-nft collection

Following news that the former President was the first to be indicted by a grand jury in New York on criminal charges, sales of Donald Trump trading cards on NFT have soared by roughly 500% in the last 24 hours.

The cost of the least expensive NFT in Donald Trump's collection, or the floor price of the collection, grew 24% during the last 24 hours to reach its current price of $1,023. Thursday night's floor price fell just shy of the record high of $1,079 from February, which came shortly after the announcement of Trump's indictment.

Moreover, sales have increased dramatically since last night. Which noted a 461% increase in secondary trading volume over the last 24 hours. The website states that Trump NFT sales totaled $184,000 the day before.

After only a few hours of publication, the NFT collection from December of last year immediately sold out and even took up the top spot for trade volume on OpenSea. The former President, who is reentering American politics, argued that he merely issued NFT to indulge his passion for art and not to solicit donations.

The floor price for an NFT on OpenSea is 0.534 ETH, or roughly $980.

As the media reported on March 30, Donald Trump became the first US president to ever face criminal charges following a grand jury's affirmative decision in New York.

A total of more than 30 counts involving dishonest business conduct have been brought against Donald Trump. Trump is anticipated to show up in person to face the charges in public next week, potentially as early as Tuesday. The indictment is presently sealed.

The indictment resulted from an inquiry into the hush money that Donald Trump gave to well-known Stormy Daniels before the 2016 election. According to the former federal prosecutor, it will be the most political trial in American history.

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