The prices of Donald Trump’s non-fungible tokens have risen in recent days, as the former US president faces possible charges in New York in connection with hush money payments to porn star Stormy Daniels in 2016.
The collection of NFTs — called Trump Digital Trading Cards — featuring Trump in various costumes such as a cowboy, basketball player and Superman saw the floor price, or lowest price for collectibles, up 22% over the past seven days to around $0.55 ETH , or $983 based on current…
The prices of Donald Trump’s non-fungible tokens have risen in recent days, as the former US president faces possible charges in New York in connection with hush money payments to porn star Stormy Daniels in 2016.
The collection of NFTs — called Trump Digital Trading Cards — featuring Trump in various costumes such as a cowboy, basketball player and Superman saw the floor price, or lowest price for collectibles, up 22% over the past seven days to around $0.55 ETH , or $983 based on the current ether price, according to data from NFT marketplace OpenSea.
The total sales volume is around 12,959 ETH, or over $23 million, according to data from OpenSea.
The NFT collection was launched back in December and Trump promoted it on his social media platform Truth Social, even as crypto prices took a hit.
Over the weekend, Trump said his arrest may be imminent, as a New York grand jury investigates hush money payments to Daniels. Trump also urged his supporters to protest a potential arrest.
Read: Why is Trump possibly being arrested? And who is Stormy Daniels, again?
Prosecutors said in 2016 during Trump’s presidential campaign, his lawyer Michael Cohen paid adult movie star Stormy Daniels, whose real name is Stephanie Clifford, $130,000 through a shell company to keep her quiet about her alleged sexual encounter with Trump.
Cohen was reimbursed by Trump, whose Trump Organization recorded the payment as a legal expense.
Cohen later served prison time after pleading guilty in 2018 to federal charges including tax evasion and two campaign finance violations. Trump has denied any wrongdoing, including having the extramarital affair.
Manhattan District Attorney Alvin Bragg will now investigate whether Trump or the Trump Organization committed any crimes when he arranged the payments, according to several media reports.
The proceeds from Trump’s NFT sale will not be used to support Trump’s 2024 election campaign, according to collecttrumpcards.com, the website where the NFTs were sold.
A spokesperson for Trump’s 2024 presidential campaign did not respond to a request for comment.
Bitcoin traded above $28,000 on Tuesday, up 10% over the past seven days, while still down about 60% from its 2021 all-time high, according to CoinDesk data.
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