Trump NFTs See 98% Drop in Sales, Now Ranked 69th in 24 Hours

Trump’s digital trading cards experienced a sharp decline in sales from the peak day of over $3.5 million on december 17. former president trump’s nfts, which launched on december 15, are now the 69th best-selling project in the past 24 hours with just over $44,000 in sales. the floor price of the cheapest listed trump nft peaked at 0.84 eth (about $990) on the same day.

Nfts were made available to the public with 44,000 polygon nfts depicting the former president as a cowboy, astronaut, and more. each $99 collectible served as an entry to win prizes and perks, such as dinner or a meet-and-greet with trump. secondary market demand for the nfts was fueled by the buzz, with some traders seeing an opportunity to make a profit from flipping the controversial assets.

The hype was short-lived, with prices and trading volume crashing just days after the launch. trump, who was previously opposed to cryptocurrencies, said in a recent interview that the nft artwork was “sort of cute” and that he “didn’t view it as an investment.” the initial sale raked in over $4 million and sold out within 24 hours. to date, the project has generated about $9.8 million in secondary trading volume, with trump’s team taking a 10% cut of sales made through marketplaces that honor creator royalties. bored ape yacht club has notched over $2 million in sales over the past day.

By Evey Lovelace

You May Also Like