Trump Digital Trading Card NFT collection exceeded 500 ETH volume on OpenSea – CryptoMode

Although opinions are divided on whether Trump Cards are a positive development for NFTs, there is a healthy interest in the project. People were eager to create their Trump Digital Trading Cards and see what they could do with them. So far, the average coiner has 3.5 NFTs in this collection, although that is likely to change quickly.

Trump Digital Trading Cards Note Momentum

Many people were surprised by the launch of an NFT collection by former US President Trump. He is not the most loved person in the world, although many people eagerly await his controversial attitudes and ideas. It also makes for a good NFT collection, or so it seems. People can collect rare digital trading cards inspired by President Trump. The collection spans over 45,000 NFTs, of which 44,000 were sold quickly through the site.

While there are reasons to own Trump Digital Trading Cards, they may go beyond speculation. Users can acquire these NFTs using credit cards, making the onboarding process much smoother. What’s more, each NFT is an entry into a contest with “1,000s of incredible prizes and an opportunity to meet Donald Trump.” A strong incentive for some, although most NFT buyers want quick profits.

In terms of price, these NFTs were not the most expensive of the bunch. Selling for $99 each, they are affordable for everyone and their collectibles can certainly generate value. The competition is a bonus and they may not necessarily be what people are looking for. In addition, whoever purchased 45 NFTs was guaranteed a dinner with the former US president. It is also interesting to see how Trump Digital Trading Cards are issued on Polygon, a more efficient and cheaper network than Ethereum.

A secondary market exists for Trump Digital Trading Cards on OpenSea. The pool has over 500 ETH in volume so far, with a floor price of 0.086 ETH at the time of writing. It will be interesting to see if there is sufficient demand for this collection. Additionally, traders may want to take into account the 10% creation fee that is added on top of this collection, which is quite steep. Nevertheless, over 5,700 sales in quick succession confirm that the collection is building strong momentum.

Key collection statistics

What is remarkable is how under 13,000 people imprinted Trump Digital Trading Cards. It is a healthy amount and ensures a relatively fair distribution. The average user made 3.5 NFTs or a purchase of $350. It’s not a crazy amount to spend on NFTs that can gain traction due to their collectibles. In addition, the competition may prove to appeal to Trump supporters, of which there are many today.

There is one wallet that contains 1,000 NFTs – the missing 1,000 that were not put up for sale via the website – but other whales exist as well. One address has over 800 NFTs, while another has over 540. Yet most have one or two Trump Digital Trading Card NFTs, with 7 or more being an exception. However, 175 addresses have 10 NFTs in this collection, and 121 others have 45 of them. A very interesting distribution overall, which can strongly influence the price floor.

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses incurred by trading on information provided on this website by its authors or customers. Always do your research before making any financial commitments, especially with third-party reviews, pre-sales and other opportunities.