Trump Digital Trading Cards started losing prominence recently as the NFT collection saw around 99% decline earlier this month. It looks like there’s still some interest left in the Trump-backed tokens as the sales volume jumped from $34,093 on January 17, 2023 to $306,298 the very next day, showing almost 900% increase in a day.
Trump NFT Collection Seeing Rising Floor Price
The 45,000 piece collection sold 44,000 Trump NFTs within a day. CryptoSlam data shows that the project has amassed over $11 Million since the release with 15,140 owners. The initiative registered the highest sales on December 17, 2022, collecting over $3.5 Million in a day. Unfortunately, it has failed to touch even a $1 Million mark in January 2023.
24 hours data shows that the volume has plunged by over 70% in the last 24 hours. According to the NFT Floor Price data, the collection’s floor price has risen to 0.348 ETH ($537), a 16% increase in a day. Trump announced during the launch that the holders will get a chance to win a gala dinner with him.
Recently, NBC news reported that his Twitter account was reinstated by the new CEO, Elon Musk. The social media account previously planned for a permanent ban on his handle. Moreover, his team is trying to relieve the former president’s Facebook account too.
Global NFT sales have declined by over 17% in the past 24 hours. Bored Ape Kennel Club (BAKC) remains the biggest loser among the top ten collections having lost almost 90% sales. Art Blocks, a generative art focused NFT project, was down by around 74%. While Otherdeeds, land NFTs associated with the Otherside metaverse, were slightly down, Bored Ape Yacht Club (BAYC) gained almost 20% in trading volume.
According to OpenSea, the biggest NFT marketplace, CryptoPunk remains the top NFT collection with trading volume of 1 Million ETH on the platform, followed by BAYC with 710K Ethereum. Yuga Labs, creators of Bored Apes, launched Dookey Dash, a game associated with the most popular NFT project. They announced that the users can access it using a Sewer Pass NFT. Crypto Slam data shows that the token holds top spot with over $11 Million sales in the last 24 hours.
The NFT market had a hard time last year as the sector lost over 90% value, primarily due to the crypto winter. Some experts believe that the cryptosphere may see some recovery. This may directly influence the non-fungible token space positively.
