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HomeNewsBusinessNFT Collection by Donald Trump Sells Out and Prices Rise

NFT Collection by Donald Trump Sells Out and Prices Rise

The day after its first release, ex-President Donald Trump’s non-fungible token (NFT) digital trading card collection was sold out early on Friday.

Some tokens are going for far more money than others. At the time of writing, the one-of-ones, the rarest of the NFTs, which make up approximately 1,000 or 2.4% of the 45,000 unit collection, are going for up to 6 ETH each. A unique trading card portraying the 45th president holding a torch while standing in front of the Statue of Liberty is presently priced at 20 ETH, or about $24,000.

The trade volume for the collection at the time of writing was 900 ETH, or roughly $1.08 million, according to data from OpenSea. Its floor price, which is more than quadruple the original price of $99, is around 0.19 ETH, or roughly $230.

3.5 tokens were produced by almost 13,000 users after the collection’s publication, according to statistics from Dune Analytics. Additionally, 115 clients bought 45 NFTs, the bare minimum needed to secure a seat at a meal with Trump; 17 others bought 100 NFTs, the maximum number authorised to be minted, according to the Trump Trading Card website. Dune’s extra analytics, however, reveal that other wallets held significantly more.

Currently, one Gnosis Safe multisignature wallet, which looks to be the wallet getting royalties from the secondary sales of the NFTs, is holding 1,000 NFTs, many of which are one-of-ones.

News Summary:

  • NFT Collection by Donald Trump Sells Out and Prices Rise
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