The Indictment of Donald Trump Gives New Vitality to His NFT Trading Card Collection

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Last Updated on March 31, 2023 by Bitfinsider

NFT sales of Donald Trump have increased by more than 500% in the last 24 hours, following reports that the former president was indicted by a New York grand jury.

According to CryptoSlam data, more than $50,000 worth of the Trump caricature-emblazoned digital cards changed hands Thursday night, when the story broke. In the last 24 hours, approximately $184,000 of the cards have been sold. According to OpenSea, the present floor price is 0.58 ETH, or about $1,000.

While there appears to be a lot of market activity, trading volume for the previous president-themed collection has traditionally been much higher. The 45,000-item NFT collection sold out in hours in December, grossing more than $3.9 million on the day. Since then, there have been days when as much as $469,000 in NFTs have changed hands.

Purchasing an NFT immediately entered the buyer into a sweepstakes with prizes such as a group cocktail party at Mar-A-Lago, a dinner in Miami or a golf trip with the former president, or a group Zoom call. Buying 45 or more NFTs would “guarantee” buyers an invitation to a gala dinner with Trump in South Florida, according to the original announcement.

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