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 Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
