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- 1 Donald Trump’s NFTs collection experienced a fly-off in sales in the past few days leading the floor price to new heights.
- 2 The NFTs sales skyrocketed after the ex-president of the US was charged with attempting to overturn the 2020 elections.
On Tuesday, US former president Donald Trump was charged with criminal charges for the third time in a row. The indictment of overturning the 2020 presidential elections stirred the NFT marketplace, leading Trump NFTs to skyrocket 650% in sales. The indictment was filed by Jack Smith, the special counsel in Federal District Court in Washington. The incident upsurges the sales and floor price of Trump NFTs to new heights.
But, what actually made Trump NFTs sales elevate? Let’s try to find out the same.
What Made Trump NFTs Sales Hike?
The former president, Donald Trump undertook a scheme to overturn the results of the 2020 presidential elections. The allegation was confirmed by Jack Smith Federal District Court in Washington. As per the allegations, the ex-president involved six-unnamed co-conspirators, so-called “fake electors” to stay in power. According to Jack Smith, Donald Trump was involved in four different conspiracies related to defrauding the US, obstructing the official government proceeding, denying people civil rights, and engaging in overturning the 2020 presidential elections. The statement not only stirred the US but also put a strong impression on the NFT landscape.
The Trump NFTs sales skyrocketed to 650% for the first time from the day of launching.
The main reason behind the same is considered to be the indictment made on the former president, which simply attracted the attention of individuals towards Donald Trump and his digital trading cards. The sales of Trump NFTs on OpenSea reached up to 650% whereas the floor price experienced a hike by 28%, leading the same to 0.128 ETH. In reaction to the statement, Donald Trump questioned the timing of the cases and completely falsified the claims.
Simply, the digital trading cards came into focus after Donald Trump became the first former US president to be criminally indicted, taking the NFTs sales upsurge.
What Position the NFT is Holding at Present?
The criminal indicted Trump NFTs back into the game, leading the floor price to 0.128 ETH. The NFT collection was launched in February 2022 and offers a collection of superhero-themed NFTs. The collection involves around 45K unique items running over the Polygon blockchain.
Looking at the current state, the total volume of the Trump NFTs is 14, 286 ETH with a floor price of 0.128 ETH. In the past 24 hours, the volume experienced a hike of 760% taking the volume to 5.69 ETH and sales up to 48, an increase of 586%. The sales, volume, and floor price of Trump NFTs broke all the records in the past 24 hours and let the collection secure a strong position in the NFT landscape.
Conclusion
The indictment of Jack Smith on Donald Trump for attempting to overturn the 2020 presidential election, let the Trump NFTs break all the records in terms of sales and floor price. The sales of Trump NFTs hiked up to 650% and the floor price touched 0.128 ETH. The past 24-hour sales broke records, making Trump NFTs one of the most popular digital cards in the NFT landscape.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
