Trump NFTs Are Gaining Value

Trump NFTs Are Gaining Value
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After the first 45th president of the United States, Donald Trump NFT unveiled a collection of non-fungible trading cards (NFT), NFT Trump sold out within hours of the announcement. Statistics from Opensea, three days after the sale, show that the floor price of the Trump NFT trading card collection is now 0.49 ether or around $578.

Trump’s NFTs sold, cards quadrupled in value on Opensea, left-wing political commentators outraged.

Donald Trump once said in 2019 that he is not a fan of bitcoin (BTC), and today the first president took advantage of blockchain technology to release his NFT trading card. The collection of 45,000 cards features images of Trump dressed as Superman, an astronaut, a calf and many other designs. However, there have been allegations that the group behind Trump’s NFT used Shutterstock stock images and left the Shutterstock watermark on the NFT image.

Despite the announcement, Trump’s NFT cards are popular and in the last 24 hours, statistics from cryptoslam.io show that Trump’s collection is the second largest in the market behind Bored Ape Yacht Club ( BAYC). The Trump NFT market increased by 50.19% in the last 24 hours and there is $3,597,251 in the market. The $3.5 million in sales was distributed across 4,749 transactions with 1,839 buyers and 2,155 sellers.

In Openea, the current floor price of the NFT Trump chart is around 0.49 ether or $578, which is more than 4 times higher than the initial price of $99 after the sale. There are approximately 15,811 Trump NFT holders and 35% are sole proprietors, according to Openea statistics as of December 21. 18, 2022. The user has approximately 1,000 Trump NFT cards and is the largest holder of the entire collection. Some people have claimed that the owner of the unknown Trump NFT with 1000 cards is Donald Trump himself.

In fact, Trump’s NFT Trading Card has caused an uproar from left-wing politicians since the 45th US President made his announcement. Current US President Joe Biden mocked Trump in a tweet that said Biden “has made an announcement in the last two weeks”, using all capital letters like Trump. Left-leaning political commentator Lindy Li mocked Trump’s comments about NFTs, when she said:

Trump’s big announcement was that he was selling NFTs. Melania’s biggest announcement was that she was selling NFTs for $185,000. Ivanka’s biggest campaign is promoting Goya’s character. Don Jr’s biggest announcement was selling cameos for $500. The most sympathetic family in the White House.

Others on the left, such as former New York Times (NYT) writer Kurt Eichenwald, have tried to expose Trump’s NFT companies. Eichenwald posted a blog post on his Substack that says “Trump’s Business Card Scam Is Worse Than You Think.” Eichenwald discovered that the shell company was affiliated with a company called NFT International LLC. A former NYT columnist linked the company to some notorious people, but ultimately Eichenwald concluded that “none of this means NFT International is crooked.”

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