Notable Increase in Trump NFT Sales Transactions
OpenSea recorded 187 transactions of Former President Trump’s NFT collection over the last 24 hours, following the announcement of the indictement. This represents a 335% increase from the previous day.
Floor Price and Market Cap Growth
Along with the increase in sales volume, the Trump NFTs’ floor price increased by 30%, reaching 0.6 ETH or approximately $1,100 before coming back down to 0.55 ETH.
Trump NFTs Experience Remarkable Year
Throughout 2023, interest in Trump’s NFT collection has steadily grown. The collection’s floor price climbed from a low of 0.145 ETH on January 6 to a peak of 0.675 on February 13. The collection had sold out in a few hours at launch, despite being criticized by many for the poor quality and the watermarks still visible on many of the trading cards.
Trump’s Reaction to Indictment
In response to news of his indictment, Trump decried it as “political persecution” and claimed that he could not receive a fair trial in New York. In a lengthy statement shared on Truth Social, he lamented:
THIS IS AN ATTACK ON OUR COUNTRY THE LIKES OF WHICH HAS NEVER BEEN SEEN BEFORE. IT IS LIKEWISE A CONTINUING ATTACK ON OUR ONCE FREE AND FAIR ELECTIONS. THE USA IS NOW A THIRD WORLD NATION, A NATION IN SERIOUS DECLINE. SO SAD!
Trump became the first U.S. President to be criminally indicted following a grand jury vote. It reportedly concerns a hush money payment made to Stormy Daniels during the 2016 election. The Guardian reported on March 31 that the former President is expected to appear for arraignment on Tuesday, where he will be fingerprinted, photographed, and processed for arrest.
What happened to Trump’s NFT collection sales volume?
In the last 24 hours, the sales volume of Trump’s NFT collection surged by 461%, totaling $185,783.
How has the floor price of Trump’s NFT collection changed?
The floor price of Trump’s NFT collection has grown throughout 2023, peaking at 0.675 ETH on February 13.
What was Trump’s reaction to the grand jury indictment?
Trump reacted to the indictment by labeling it as “political persecution”. He further stated that he cannot get a fair trial in New York. He also expressed his dismay in a statement on Truth Social.
What is the significance of Trump’s indictment?
Trump is the first U.S. President to be criminally indicted, with the charges stemming from a hush money payment made to Stormy Daniels during the 2016 election.
When is Trump expected to appear for arraignment?
According to The Guardian, Trump should appear for arraignment on Tuesday, where he will be fingerprinted, photographed, and processed for arrest.