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Donald Trump’s NFTs lose 73% in value in a month as investor interest wanes

Donald Trump’s NFTs lose 73% in value in a month as investor interest wanes


Donald Trump Digital Trading NFT Cards have fallen 73% since their initial launch on December 16.

What happened: After an all-time low in activity, the floor price of Trump NFTs dropped to just $0.181 Ethereum ETH/USD.

NFTs had a remarkable first week of launch, peaking at $0.677 ETH, but since then the price floor has been falling.

See more: Best Crypto Day Trading Strategies

Data from LunarCrush reveals a significant drop in overall social mentions over the past month. Activity was down 30% to 2,840 mentions, while social contributors were down a significant 97%.

The Trump NFTs consisted of 45,000 trading cards, featuring a wide range of creative cosplay costumes, such as an astronaut, a cowboy, and a superhero. Originating in Polygon MATIC/USD, NFTs offered buyers a chance to win exclusive rewards, such as dinner or a meeting with Trump.

According to data from OpenSea, Trump NFT sales hit an all-time high of 5,100 on December 19. However, on Sunday they dropped dramatically to just 131 units, a 97% drop.

Trump Digital trading cards have 14,811 owners, which means they have a unique ownership rate of 33% and a total volume of 822 Ethereum.

The same wallet that previously sold Trump NFT digital trading cards is now minting NFT tokens that act as passes for contest prizes. These NFTs show an image of Trump holding a ticket-like sign that contains prize information, for example, dinner with Trump in Miami, a group cocktail party at Mar-A-Lago, a one-on-one chat. head with Trump, an hour of golf with Trump and two friends, and a Zoom call.

Price Action: At the time of writing, ETH was trading at $1,568, up 2.83% in the past 24 hours, according to data from Benzinga Pro.

Read Next: Bitcoin Surpasses $21,000, Ethereum, Dogecoin Rally Intact Analyst Says This ‘Could Wake Up Some Dormant Long-Term Bulls’




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