April 20, 2024

CryptoSlam: Donald Trump's NFT Sales Up 500% After Ex-President Indictments

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CryptoSlam: Donald Trump's NFT Sales Up 500% After Ex-President Indictments

The filing of charges against the former president of the United States led to a rush of demand for non-fungible tokens of the Donald Trump collection. Sales increased by almost 500%.

Analytical platform CryptoSlampublished data according to which on Thursday, March 30, in the evening, almost immediately after the news appeared about the possible prosecution of the previous US president, the popularity of his personal NFT collection Collect Trump Cards, posted on the OpenSea platform, increased by 461% per day.

Over the course of 24 hours, more than 184,000 NFTs were sold for a total amount of about $186,000. On the afternoon of March 31, the minimum price for one Donald Trump NFT was 0.58 ETH (about $1,000).

Buy NFT Collect Trump Cards Automaticallyenters the buyer into a sweepstakes for prizes such as a group cocktail party at Mar-A-Lago, dinner in Miami, a golf trip with a former president or a group Zoom call. The original prospectus stated that purchasing 45 or more NFTs would guarantee buyers an invitation to a gala dinner with Trump in South Florida.

At the end of 2022, the former US President announced
release of 45,000 NFTs on the Polygon network.The collection, called Collect Trump Cards, is a collection of images by illustrator Clark Mitchell, which depict the former American president in a pretentious environment and in a variety of clothes, including superhero ones.