Trump NFT Collection Sees Price Surge Following Viral Interview, Reaching $215

Trump NFT Collection Sees Price Surge Following Viral Interview, Reaching $215

During the European afternoon hours, the Trump Digital Trading Cards built on the Polygon blockchain were commanding a price of over 0.13 ether (ETH), equivalent to slightly more than $215. This marked a notable increase from the preceding week’s valuation of 0.1 ETH, roughly translating to $150.

The realm of Donald Trump’s NFT collections witnessed a remarkable surge in both prices and trading volumes on a Thursday that followed an interview with the well-known media figure Tucker Carlson, which was aired on X (formerly known as Twitter). This interview quickly gained immense traction, amassing a staggering 110 million views within mere hours of its broadcast.

As the European afternoon progressed, the Polygon-based Trump Digital Trading Cards saw their value climb to beyond 0.13 ether (ETH), representing slightly over $215. This notable upswing came in contrast to the preceding week when they were valued at 0.1 ETH or $150. According to data sourced from the NFT marketplace OpenSea, this collection had generated an impressive trading volume exceeding 17 ether.

Donald Trump introduced this collection of 45,000 fantasy cards in December of the previous year, offering each card at a price of $99. These cards featured imagery of Trump in a style reminiscent of cherished collectible baseball cards. Impressively, as of the most recent Thursday, the collection boasted over 13,000 distinct holders.

Collectors who acquired these digital trading cards were automatically granted entry into a “sweepstakes,” presenting an opportunity to partake in unique experiences with Trump. These experiences ranged from Zoom calls to dinners in Miami and even cocktail hours at the illustrious Mar-a-Lago, as initially reported by CoinDesk.

The cards achieved swift sell-out upon their initial release. Presently, data indicates that a wallet identified as “6D65A7” boasts the most significant holdings of Trump NFTs, possessing an impressive 602 cards. Following closely is wallet “72F891” with 500 cards. Remarkably, neither of these holders has chosen to list their NFTs for sale.

Recent revelations have shed light on Trump’s substantial ownership of tokens. The former president and prominent Republican candidate for the upcoming year’s election was found to hold approximately $2.8 million in a cryptocurrency wallet as of early August. Furthermore, reports indicate that he garnered around $4.87 million in licensing fees from his Trump NFT collection.

As a consequence, the NFT collection’s value has experienced a gradual decline over the past few months, a trend that parallels the broader descent within the cryptocurrency market.

Notably, prices have plummeted by over 50% from their peak of 0.2 ETH in May, accompanied by a decline in daily trading figures from an average exceeding 90 per day to a level below 50, as documented by OpenSea’s data.