Donald Trump’s NFTs Surge in Value Following Arrest
Former President Donald Trump’s non-fungible token (NFT) collection has seen a significant increase in price since his recent arrest in Atlanta, Georgia. Trump turned himself in on allegations of conspiracy to overturn the results of the 2020 presidential election in Georgia. This event caused a surge in the value of his NFT series.
Key Points:
- Trump’s NFT collection experienced a price jump after he posted his mugshot on the social media platform X.
- Data from OpenSea reveals that the price floor of the Trump Digital Trading Card collection rose from 0.13 ETH ($213) to 0.22 ETH ($361) on August 24th.
- Crypto reporter Colin Wu noted that the trading volume of Trump’s NFT collection increased by 177% in the past 7 days, reaching 37.93 ETH, with a peak of 24.1 ETH on August 25th.
- The floor price of Trump’s NFT collection currently stands at 0.175 ETH ($287.84).
- Trump’s financial disclosure filing reveals that he holds a cryptocurrency wallet valued between $250,001 and $500,000, labeled as “(Ethereum).”
Hot Take:
The recent arrest of former President Trump has had an unexpected impact on the value of his NFT collection. As the controversy surrounding his legal situation unfolds, the demand for Trump’s NFTs has skyrocketed. It appears that even in the world of crypto, Trump’s presence continues to captivate audiences.
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