Trump’s Series 2 Sold Out Tops Daily NFT Sales Chart
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Former US President Donald Trump’s second set of non-fungible tokens (NFT), the Trump Digital Trading Cards Series 2, sold out within the first 24 hours of its launch, according to the project’s website.
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Fast facts
- Trump’s second set of digital cards topped global NFT sales in the past 24 hours, CryptoSlam’s data showed. It has generated over $2.7 million in secondary sales since its launch on Tuesday and has 7,394 owners.
- The new NFT collection’s predecessor, Trump Digital Trading Cards Series 1, also sold out on its first day of launch in December 2022.
- Series 2 NFTs were sold for US$99 each on the Polygon blockchain. With 47,000 assets in the collection, the project is believed to have generated over $4.65 million in revenue.
- About US$2.6 million of the sale was made by wrapped Ether transactions, suggesting that the project has brought about US$2 million of new funds into the Polygon network, according to CryptoSlam.
- Discard POL NFT Composite, an index that measures NFT market activity on the Ethereum scale, fell 2.45% in the last 24 hours. The index fell sharply in about 3.5 hours since Trump announced the launch of his Series 2 NFTs.
- NFTs must be at least six months old to be included in the index, which is algorithmically designed to cover the top 100 smart contracts on a given day. The simultaneous increase in sales of the new NFT collection and a decline in the index indicates that some polygon-based NFT traders have sold their holdings to buy the new Trump NFTs.
- The launch of the Trump Digital Trading Cards Series 2 on Tuesday led to a steep drop in the original collection’s floor price, or minimum secondary sale price.
- On NFT marketplace OpenSea, the new collection’s floor price fell from 0.2 Ether ($400), valued shortly after its launch on Tuesday, to 0.05 Ether less than 24 hours later.
- Trump’s recent financial disclosure revealed that he received up to $1 million in revenue from the first edition of his digital trading cards. Earlier this month, the former president pleaded not guilty to 34 criminal charges of falsifying business documents.
See related article: Donald Trump helps Polygon NFTs sell Ethereum on OpenSea exchange for second month
