Trump boasts his trading cards are “number 1” despite value collapse
Donald Trump has touted the success of his non-fungible token (NFT) trading cards despite a sharp drop in value.
The former president announced he would release a new batch of his NFTs on April 18 after the first run of 45,000 Trump Trading Cards on sale for $99 in December 2022 sold out within hours, raising nearly $4.5 million in the process.
The second group of Trump NFTs again features images of the former president in a variety of costumes, such as one of him in black leather and sunglasses reminiscent of Elvis Presley, and another of him holding the cracked Liberty Bell.
“My new Trump Digital Trading Cards Series 2 is the number one collection in the world. It must be that people love the art. A great honor!” Trump posted on Truth Social on Wednesday, April 19.
With the second batch of Trump Trading Cards on sale, their release has dramatically reduced the value of the first collection.
In the 24 hours after Trump announced the second batch of NFTs, the price floor for Trump Digital Trading Cards fell from around 0.42 Ethereum ($822.55) to just 0.1 on Tuesday, according to NFT trading platform OpenSea.
As of early April 20, the current floor price of Trump’s trading cards is 0.14 ETH.
The Trump Trading Cards project is currently ranked 73 in the NFT Price Floor with a floor cap of 6,349 ETH, according to the NFT Price Floor. The site also lists the NFT’s current floor price at 0.12 ETH, down from 0.387 from the day before the second series of Trump NFTs went on sale.
After being banned from Instagram for more than two years in the wake of the Jan. 6 attack, Trump returned to the social media platform for the first time since his suspension was lifted to promote his latest round of NFTs.
In a follow-up Instagram post that featured an NFT of him in a superhero outfit and wearing a boxing belt around his waist with his name on it, Trump suggested he should be praised for keeping the price of the second series of online tokens the same despite the first batch is sold out.
“I hope everyone notices, and I’m sure Fake News won’t, that I’m leaving the price of the Trading Cards the same as last time, even though they sell MANY TIMES MORE (it’s called MARKET!) ), and sold out almost immediately because I want my fans and supporters to make money and have fun doing it,” Trump wrote.
“I could have raised the price MUCH HIGHER and I think it still would have sold well, with a lot more money coming my way, but I chose not to. I GET NO ‘NICE GUY’ CREDIT?”
Trump’s office has been contacted for comment by email.
