Donald Trump’s NFT Collection Surges in Popularity Following Criminal Indictment
After the indictment of former US President Donald Trump on criminal charges, his NFT collection has experienced a surge in popularity.
The collection, initially met with widespread criticism when it was launched in December, has seen a 460% increase in sales of Trump Digital Trading Cards over the past 24 hours, totaling $185,785. This surge in interest follows the formal accusation in New York on Thursday.
NFT Price Floor monitors these tokens’ market and reports a sales volume of 99.952 ETH or almost 180 individual transactions. So far, 13,963 people have purchased NFT cards, representing a 31% increase since the launch in December.
Over the past 24 hours, the floor price of the cheapest listed NFT in the collection has risen by 25% to its current level of $1,023. The collection features a range of 45,000 pieces depicting Trump dressed as various characters, including Superman, a wrestler, a soldier, and a football player.
Trump’s legal battles and potential presidential candidacy in 2024 have contributed to increased interest in his NFT collection. The controversy surrounding his alleged hush money payment to Stormy Daniels during the 2016 election has led to multiple court battles.
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Daniels, an American adult film actress, alleged that Trump’s lawyer paid her hush money to keep quiet about their affair just before the 2016 US presidential election.
Initially met with skepticism in the crypto space, Trump’s NFT collection has proven its potential by breaking sales records, albeit temporarily. Despite the legal challenges he faces, Trump and his lawyers have promised to “vigorously fight this” and have labeled the charges “political persecution” and “election interference at the highest level in history.”
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
