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On April 18, former US President Donald Trump announced a second series of his digital Trump card collection, following the “huge success” of his initial non-fungible token (NFT) trading cards. Despite selling out quickly, Trump stated on Truth Social that he was maintaining the original card prices for the new collection.
Trump is back with a new NFT collection of 47,000 digital cards minted at Polygon. His first NFT collection, launched in mid-December 2022, sold out within hours. The cards’ value performed well in secondary markets and also rose after Trump’s indictment by a Manhattan grand jury.
On March 30, 2023, Trump was indicted on 34 felony counts for allegedly falsifying business documents related to apparent payments to adult film star Stormy Daniels. Trump pleaded not guilty and his legal team has requested a trial in the spring of 2024. At the Truth Social, Trump unveiled his second NFT collection just 19 days later. The cards are priced at $99 each and are intended as “collectibles for individual enjoyment only, not for investment vehicles.”
Each card has a “unique pre-assigned rarity.” Customers who purchase 47 of Trump’s NFTs will have the opportunity to dine with the former president. In a Truth Social post, Trump said: “I am pleased to inform you that due to the great success of my previously launched digital trading cards, we are making it again, Series 2, available right now.” He also pointed out that he kept card prices consistent despite the success of the secondary market.
“I hope everyone is paying attention [and] I’m sure the fake news won’t, I’ll leave the price of the trading cards the same as last time, even if they sell for many times more (it’s called the market!). [and] sold out almost immediately, because I want my fans [and] supporters to make money, [and] have fun with it, Trump said. “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 don’t want to be given any “nice guy” credit?
According to nftpricefloor.com, Series 1 Trump cards have a floor price of approximately 0.17 ether on April 18, or $353.58 using current ethereum (ETH) exchange rates. This gives the Series 1 Trump NFTs a market value of around $15.91 million or 7650 Ether, ranking the collection #68 among the top NFT collections. In contrast, the Bored Ape Yacht Club (BAYC) NFT collection holds the #1 position in terms of floor value, valued at $1.1 billion, or 530,500 Ether.
What are your thoughts on the recent launch of Donald Trump’s second NFT collection? Share your opinions in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons, Trump NFT Collection
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