Sales of Donald Trump’s digital collectibles surged following the news of his indictment in New York on Thursday. Meanwhile, a report revealed that the market for non-fungible tokens (NFTs) has seen its strongest quarter since early last year, reaching a trading volume of $4.7 billion, despite a weaker March.
Trump NFTs Spike as Former President Gets Indicted
The Official Trump Digital Trading Cards have registered a surge in sales, according to data from the NFT market Opensea, following the news that the 45th United States President has become America’s first head of state, former or incumbent, to face criminal charges.
The sealed indictment by a Manhattan grand jury has over 30 counts related to business fraud, media reports unveiled. It comes after an investigation into an alleged hush money payment scheme involving adult film star Stormy Daniels which dates back to the 2016 presidential election.
The NFT collection was announced by Trump on social media in December when the first badge was sold within hours of launch. The thousands of tokenized cards depict him as just about anything masculine, up to a Superman character.
After the indictment, the sales increased well over 400% in a day, reaching a volume of above 90 ETH on Thursday (around $166,000 at the time of writing) and exceeding a floor price of 0.59 ETH on Friday, March 31, the Opensea stats show. The number of owners now nears 14,000 but prices have since returned to more average levels.
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Author: Lubomir Tassev
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