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Donald Trump recently announced the launch of his non-fungible token (NFT) trading card collection, and just hours after his announcement, all the items were sold out. Three days after the sale, the value of the digital cards grew to .49 ether (ETH), or about $578.
The price surge was based on statistics from the Opensea NFT marketplace. Apparently, Trump’s NFT trading cards are very popular, and in fact, shortly after the sale, statistics further showed that the collection has become the second-largest in terms of sales, next to Bored Ape Yacht Club (BAYC) NFTs.
As per Bitcoin.com, the former U.S. president’s NFT sales surged by 50.19% in just a little over 24 hours, and the recorded sales have already reached $3,597,251. The sales were for a total of 4,749 transactions with 1,839 buyers and 2,155 sellers.
Trump’s digital trading card collection’s floor price was 0.19 ETH which translates to $230. This is said to be more than double the initial mint price of $99. The NFT collection was declared sold out early Friday.
The Trump NFT collection is made up of digital trading cards featuring Donald Trump in different images, including an astronaut, a superhero, a cowboy, and even a Nascar driver. He personally promoted the digital tokens late Thursday and told people the limited items are great Christmas gifts.
They launched 45,000 cards for $99 each, and Trump’s announcement for his NFTs immediately drew criticism. He was mocked even by some of his allies. Among those baffled by the release of the tokens was Steve Bannon, a former White House chief strategist.
He said during his podcast that whoever convinced the former president to jump into the NFT business should be fired. “I can’t do this anymore,” he said in reaction to Trump’s video promoting the digital collectibles.
Meanwhile, CNN Business reported that it is not clear how much Donald Trump is taking from the sales of the Trump Card Collection. It was noted that the NFTs were licensed to NFT INT LLC and Trump himself does not own, manage or control the collection.
Photo by History in HD/Unsplash
