Trump’s NFTs rise above $1,000 after New York grand jury indictment
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(Kitco News) – Following the indictment of Donald Trump by a New York grand jury on Thursday night, the non-fungible token (NFT) collection issued by the former POTUS has seen a surge in activity, with sales volume and floor prices increasing.
Data provided by CryptoSlam shows that in the last 24 hours there have been a total of 185 sell transactions related to the collection, an increase of 374.4%, while the 24-hour sales volume currently stands at $190,127, an increase of 488.2% .
The total sales volume in Ether (ETH) terms is 106 Ether, and the bottom price of the collection, which represents the lowest price paid for a token, has risen to 0.55 ETH ($1,001), an increase of 18.83%.
The fact that only a small percentage of the total collection is currently listed for sale has contributed to larger gains, with data from OpenSea showing that only 2% of the 45,000 NFTs in the collection are listed for sale while there are 13 955 distinct owners.
Trump originally launched the collection back in December, selling each token for $99 apiece. The collection quickly sold out, but saw a decline in trading activity shortly after launch as NFT fans moved on to other projects while Trump supporters were content to just hold onto their NFTs.
The floor price for the collection hit a low of 0.145 ETH on January 6th – the 1st anniversary of the “Uprising” in the US Capitol which remains a highly divisive event in US politics – and peaked at 0.675 ETH on February 13th. dollar terms, representing a swing from $184 to $1,016.
Numerous commentators, incl Elon Muskhave suggested that the indictment and any possible arrest of Trump would directly lead to his re-election in 2024, and if the response to his NFT gathering following the announcement of the indictment is any indication, they may be on to something.
At the time of writing, the American population is awaiting further details about the indictment and what Trump is specifically accused of. But the indictment itself has already caused a surprise for some NFT holders.
Disclaimer: The views expressed in this article are those of the author and may not reflect the views of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not an invitation to exchange goods, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept responsibility for any loss and/or damage arising from the use of this publication.
