Former U.S. President Donald Trump’s non-fungible tokens (NFT) trading card values have surged.
The floor price has increased by 24 percent during the last 24 hours, according to data from NFT Price Floor. The floor price now sets at 0.499 ETH or over $900.
Compared to the initial price of $99, which dropped as low as 0.02 ETH (equivalent to $35) last December, the current price almost hit an all-time high of $1,079 on Thursday night. This happened shortly after the news of Trump’s New York grand jury indictment became known.
Sales record of Trump NFTs
Like many other NFTs owned by celebrities and famous politicians, Trump NFTs have experienced many ups and downs.
In December 2022, Trump released his NFT collection, Trump Cards. This collection of digital trading cards portrays Trump in various iconic outfits, positions and settings.
The sales of the NFTs have been unpredictable since they were first released. For example, in December, they gained more than $10 million, but in January, they only earned $2.6 million.
In February, sales increased again to $4 million. As of now, sales have reached $2 million. Per CryptoSlam, the total trading volume for Trump NFTs has now exceeded $18.6 million.
At first, many people in the crypto community were skeptical about the collection. However, when it briefly became more popular and sold a lot, some people started to take it more seriously.
The high didn’t last very long, as critics began to call out technical bugs and problematic fine print, which caused the Trump NFTs to drop in price quickly. As a result, the daily trading volume fell by 70 percent at the end of 2022.
Yet, after facing various mockeries, the tide began to turn at the beginning of the new year. As traders appear to be placing bets on Trump returning to mainstream visibility, daily sales of Trump NFTs kept increasing.
Early this month, there was also a price increase for Trump’s digital trading cards due to rumors that he might be charged in New York. On March 18, he even predicted his arrest and called for protests, which led to a substantial increase in the selling value of his NFTs.
Trump’s indictment
Trump reportedly planned to leave his Florida residence on Thursday to make a court appearance following his indictment on criminal charges by a grand jury in New York on March 30.
Although the nature of his charges has yet to be made public, it stems from an investigation into the alleged $130,000 in hush money sent by Trump’s former lawyer to adult film actress Stormy Daniels in 2016. She claims to have had an affair with Trump, which Trump strongly denies.
This indictment made Trump the first former U.S. president to face criminal charges.
“I believe this Witch-Hunt will backfire massively on Joe Biden,” Trump said in a statement on Thursday.
“The American people realize exactly what the Radical Left Democrats are doing here. Everyone can see it. So our Movement, and our Party – united and strong – will first defeat Alvin Bragg, and then we will defeat Joe Biden, and we are going to throw every last one of these Crooked Democrats out of office so we can MAKE AMERICA GREAT AGAIN!”
Donald Trump, 45th president of the United States
According to CNN, Trump has been charged with over 30 offenses related to business fraud and is scheduled to face trial at Manhattan criminal.
