Wednesday, May 31, 2023

Trump’s Series One NFT Prices Plummet by 60% After New NFT Release

  • Donald Trump released a second set of NFT digital trading cards.
  • Series One Trump NFT prices fell by almost 60% following the new launch.
  • The new NFT collection sold over $1 million in 24 hours.

Former US President Donald Trump has released a second set of NFT digital trading cards. While tens of thousands of new collectibles are now available for mint, the floor price of his debut NFT collection has fallen by over 50%.

According to data from the OpenSea marketplace, the price of the original Series One Trump NFTs, which started at nearly 0.4 ETH or $835 as of late Monday, has dropped following the new launch. Now, the Series One NFTs on OpenSea go for just 0.1634 ETH or $355, representing a fall of 58.96% in the last 24 hours.

Notably, the second series of Trump Digital Trading Cards was launched On Monday, April 18, at $99, as with the original December 2022 release, spanning 47,000 NFTs minted on Polygon, an Ethereum sidechain network.

On Instagram, Trump said he wants his fans and supporters to make money and have fun, stating the reasons for maintaining the old launch price of $99. While requesting for a ‘nice guy’ credit, he said:

I could have raised the price MUCH HIGHER, I believe it still would have sold well, with a lot more money coming to me, but I didn’t choose to do so. I WILL BE GIVEN NO ‘NICE GUY’ CREDIT?

Trump’s words generated over twelve thousand comments from fans, supporters, and haters. “This is the most American thing I’ve seen today,” someone wrote.

According to statistics from NFT marketplace OpenSea, the floor price of the Series Two collection is now 0.061 Ethereum (ETH) or $120, totaling a volume of 706 ETH, equivalent to $1.2 million after a 24-hours launch. Notably, the debut collection has an NFT market share of over $14 million.

  • Donald Trump released a second set of NFT digital trading cards.
  • Series One Trump NFT prices fell by almost 60% following the new launch.
  • The new NFT collection sold over $1 million in 24 hours.

Former US President Donald Trump has released a second set of NFT digital trading cards. While tens of thousands of new collectibles are now available for mint, the floor price of his debut NFT collection has fallen by over 50%.

According to data from the OpenSea marketplace, the price of the original Series One Trump NFTs, which started at nearly 0.4 ETH or $835 as of late Monday, has dropped following the new launch. Now, the Series One NFTs on OpenSea go for just 0.1634 ETH or $355, representing a fall of 58.96% in the last 24 hours.

Notably, the second series of Trump Digital Trading Cards was launched On Monday, April 18, at $99, as with the original December 2022 release, spanning 47,000 NFTs minted on Polygon, an Ethereum sidechain network.

On Instagram, Trump said he wants his fans and supporters to make money and have fun, stating the reasons for maintaining the old launch price of $99. While requesting for a ‘nice guy’ credit, he said:

I could have raised the price MUCH HIGHER, I believe it still would have sold well, with a lot more money coming to me, but I didn’t choose to do so. I WILL BE GIVEN NO ‘NICE GUY’ CREDIT?

Trump’s words generated over twelve thousand comments from fans, supporters, and haters. “This is the most American thing I’ve seen today,” someone wrote.

According to statistics from NFT marketplace OpenSea, the floor price of the Series Two collection is now 0.061 Ethereum (ETH) or $120, totaling a volume of 706 ETH, equivalent to $1.2 million after a 24-hours launch. Notably, the debut collection has an NFT market share of over $14 million.