Interest Wanes in Trump’s Initial NFT Collection Amid Crashing Trading Volume
Since releasing his inaugural digital trading card NFTs in late 2022, former U.S. President Donald Trump has shown a growing interest in crypto and Bitcoin.
However, the hype surrounding his original NFT collection has significantly diminished.
According to OpenSea data, trading volume for the initial collection, featuring caricatured images of the 45th president, has plunged by 99% over the past month, with no transactions recorded in the past week.
Despite generating over $50 million in total trading volume since its launch in December 2022, interest in the collection has waned considerably.
While overall NFT trading volumes have been subdued compared to the 2021 bull run, Ethereum-based NFT sales volumes reached $489 million in March, as per CryptoSlam! data. This stability contrasts with the declining interest in Trump’s NFTs.
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The decline in interest coincides with Trump’s impending criminal trial for alleged falsification of business records related to hush money payments, as he gears up for another presidential bid this year.
Although the second series of Trump’s digital trading cards has experienced a 57% decline in trading volumes over the past month, it has performed relatively better than the first edition. In a recent drop, collectors were offered the opportunity to win a dinner with Trump at Mar-a-Lago, scheduled for May 8, as announced in a recent post.
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.
