Trump NFTs Flatlined Following Initial Surge

Share This Post

Back in December, NFT lovers were stunned when former US President Donald Trump launched his own NFT collection. Featuring images of Trump as various archetypes, the collection quickly sold out and reportedly grossed millions of dollars. Now however, weeks after the launch, Trump NFTs on the secondary market seem to have flatlined, plunging by over 98% since inception. 

The Current State of Trump’s NFTs

According to data from CryptoSlam, the 24-hour secondary sales figures for the collection for December 28, 2022 stood at $59,300. While this sum remains impressive in itself, it’s a far cry from the figures recorded after the initial launch. When the NFTs first hit the market, they saw an all-time sales high on December 17, 2022 of $3.5 million. This came as many bought up the first drop at a price of $99 and went on to list them on the secondary market for several times this figure.

This solidified the NFTs a success, but it seems that the demand for them has cooled. There are a number of possible reasons for this and these include the criticism that the collection has gotten from the press as well as ongoing accusations of plagiarism. Despite this, the floor price for the collection still hovers around the $200 mark, double the initial price for the NFTs. 

As the holiday season comes to an end, it will be interesting to see how the NFTs continue to fare in the market.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.



Source
Trump NFTs Flatlined Following Initial Surge is written by Tokoni Uti for nftplazas.com

Related Posts

US energy officials agree to ‘destroy’ all data from crypto mining survey

United States energy officials have reached an agreement with...

Binance’s woes in Nigeria continue to mount

Binance’s woes in Nigeria continue to mount.  There was confusion...

Cryptocurrency Mining: A Beginner’s Guide to Generating Digital Assets

Cryptocurrency mining is a process that allows individuals to...

Inside Web3War v3.0: Ranked Matches, Real Rewards, and Skill2Earn Dynamics

Roll1ng Thund3rz has unveiled the latest version of its...

Diversifying Your Cryptocurrency Portfolio: Strategies for Beginner Investors

Diversification is a fundamental principle of investment management that...

Understanding Blockchain Technology: The Foundation of Cryptocurrency

Blockchain technology has emerged as the backbone of cryptocurrencies,...
ethereum
Ethereum (ETH) $ 3,422.27
bitcoin
Bitcoin (BTC) $ 61,794.56
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 0.63106
binance-usd
BUSD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.734011
dogecoin
Dogecoin (DOGE) $ 0.138449
litecoin
Litecoin (LTC) $ 91.44
solana
Solana (SOL) $ 128.19