From Silence to Spotlight: Trump’s Comeback on X
Former U.S. President Donald Trump has returned to the social platform formerly known as Twitter, now X, after a long absence. This comes as his mugshot is released following charges in Georgia related to alleged efforts to overturn the 2020 election results. Many of his 86 million followers were surprised by his re-emergence, as he had been silent on the platform since January 2021 due to account suspension. Trump had primarily engaged with his audience through his social network, Truth Social, but chose to make a dramatic return to X as he was processed at Fulton County Jail, becoming the first former U.S. president to have a mugshot.
The Trump NFT Phenomenon
Trump’s return to X has had a significant impact on the crypto world. Sales of his NFTs have soared since the release of his mugshot, with a day-to-day surge of 426% and an overall boost of 208% in NFT sales related to Trump. So far, his NFTs have generated $20.68 million from nearly 47,552 transactions. Approximately 14,016 digital wallets hold at least one Trump card, with the average ownership duration being 19 days. This trend among crypto enthusiasts is likely to continue as the U.S. prepares for another election cycle.
Hot Take
Donald Trump’s return to the social platform X has not only made headlines in the political domain but has also had a significant impact on the cryptocurrency world. The surge in sales of his NFTs following the release of his mugshot shows the continued interest and support from his followers and crypto enthusiasts. It remains to be seen how these digital transactions will evolve and what other surprises are in store as the U.S. approaches another election cycle.
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