President Trump’s NFT Floor Price Drops 58% After Second Collection Announcement

Published April 19, 2023 | By TokenTops

Former U.S. President Donald Trump’s NFT floor price has decreased by 58% to 0.183 ETH, equivalent to $382, within the last 24 hours following his announcement of a second collection on April 18. The first collection experienced a surge in trading volume, rising 889% to $379,819 and involved 1,210 sales transactions based on CryptoSlam data. OpenSea data revealed that the digital assets made 1,503 sales, and its sales volume increased 188% to 296 ETH during the reporting period.

President Trump's NFT Floor Price Drops 58% After Second Collection Announcement — President Trump’s NFT Floor Price Drops 58% After Second Collection Announcement

Series 2 Collection

Trump’s “Series 2” collection, which is minted on the Polygon blockchain, comprises 47,000 NFTs priced at $99 each and has already sold out. The former President kept the Trading Card price the same as the first collection, despite the potential to raise it much higher, explaining that he would not receive “nice guy credit.” The former President reportedly earned up to $1 million from the sales of the first collection. The second collection depicts Trump as George Washington, a golden king chess piece holding a globe and a U.S. flag, the king of hearts in a game of cards, and a rockstar.

Gala Dinner Incentive

Like the first iteration, the second collection also offers a gala dinner with the President at his Mar-a-Lago residence. However, the offer is available only to holders who buy 47 pieces of the digital trading cards. Furthermore, the new collection is not owned, managed, or controlled by Trump, his company, or their affiliates. The website stated that the NFTs “are not political and have nothing to do with any political campaign.”

TL;DR:

Donald Trump’s NFT floor price declined by 58% to $382 within the last 24 hours after announcing a second collection. The first collection experienced a surge in trading volume, rising 889% to $379,819, involving 1,210 sales transactions. The second collection comprises 47,000 NFTs priced at $99 each and has already sold out. The new collection offers a gala dinner with the President at his Mar-a-Lago residence.

Disclaimer

This blog post is intended to provide general information about investing in cryptocurrencies and is not intended to constitute financial advice. All investors should seek professional financial advice from a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies is a high risk investment and should only be done after you have researched the topic yourself and understand the risks associated with investing in such assets.