A NFT, which was priced at $99 after release, sells in the $700 to $1,400 range.
Donald Trump’s arrest triggered a burst of interest in his NFT. Trading volume of digital tokens from the former U.S. president increased by 89.8% overnight, according to CryptoSlam.
On the evening of April 4, Trump was arrested pending arraignment the same evening. He was charged with 34 episodes, including falsifying business records. The 45th U.S. president himself considered what was happening to be “political harassment and election interference at the highest level in history” by Democrats. He did not admit guilt.
Trump issued a collection of 45,000 NFTs on the Polygon blockchain last December 15. The tokens represent images of him in the form of collectible baseball cards. There were 44,000 NFTs for sale at $99 apiece. All tokens were sold out in the first 24 hours, primary sales brought the project almost $4.4 million.
On April 3, token sales totaled $22,600, but NFT was sold for $70,300 on April 4. During the last day, 78 tokens were sold at prices ranging from $700 to $1,400.
Our experts note that despite a short-term increase in interest in Trump’s NFT collection against the backdrop of the trial. His NFT sales this past March were down from previous months. Thus, in March the volume of trading was $2 million, in February – $4 million, in January – $2.6 million. And for the half of December, when the collection was released – $9.9 million.
How the Lightning Network project solves the main problem of Bitcoin
Lightning Network protocol allows cryptocurrency payments almost instantly and without...
Hong Kong announces legalization of retail cryptocurrency transactions
Hong Kong authorities is preparing to cancel the current rule, which allows trading in...