In a surprising turn of events, the value and trading volumes of Donald Trump’s NFT (Non-Fungible Token) collections have witnessed a substantial surge. This surge was triggered by a high-profile interview with media personality Tucker Carlson on X, formerly known as Twitter. The interview quickly went viral, accumulating an astounding 110 million views within just hours of its broadcast.
During the European afternoon hours, the Polygon-based Trump Digital Trading Cards were trading at over 0.13 ether (ETH), equivalent to slightly over $225. This represented a notable increase from their value of 0.1 ETH, or approximately $150, just one week earlier. Data sourced from the NFT marketplace OpenSea indicated that the collection had generated more than 17 ether in trading volume.
It’s noteworthy that Trump initially released this distinctive collection of 45,000 fantasy cards in December of the previous year, pricing each card at $99. These cards feature images of the former president in a style reminiscent of collectible baseball cards. As of Thursday, the collection boasts a significant number of over 13,000 unique holders.
What sets this NFT collection apart is that collectors who acquired one of these digital trading cards were automatically entered into a “sweepstakes.” This provided them with the opportunity to win exclusive “experiences” with Donald Trump himself, including a Zoom call, a dinner event in Miami, or a cocktail hour at his renowned Mar-a-Lago estate. This was reported by CoinDesk in the past.
Upon their initial release, the cards from this collection sold out rapidly. Current data reveals that a wallet tagged “6D65A7” holds the highest number of individual Trump NFTs, an impressive total of 602 cards. Following closely is wallet “72F891,” which contains 500 cards. Notably, neither of these two holders has listed their NFTs for sale.
It’s also pertinent to mention that Trump has recently emerged as a significant holder of tokens within the cryptocurrency world. The former president, who is a prominent Republican candidate for the upcoming election, reportedly held $2.8 million in a cryptocurrency wallet as of early August. Furthermore, he has earned approximately $4.87 million in licensing fees from his Trump NFT collection.
However, it’s essential to keep in mind that, like many assets in the broader cryptocurrency market, the value of the Trump NFT collection has experienced a gradual decline in recent months. This decline has coincided with the general downturn observed in the broader cryptocurrency market.
As the NFT market continues to evolve and respond to various factors, including high-profile media appearances, the future trajectory of Trump’s digital trading cards remains uncertain.
Disclaimer: This article is based on information available as of August 24, 2023. It is intended for informational purposes only and should not be considered as financial advice. Readers are advised to conduct their research and consult with financial experts before making any investment decisions related to cryptocurrencies or NFTs.
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