Skip to main content

Market Overview

Trump's NFTs Sales Tank 98% As Project Records Historic Low Levels Of Activity

Share:
Trump's NFTs Sales Tank 98% As Project Records Historic Low Levels Of Activity

Trading demands for the Donald Trump Digital Trading NFT cards have taken a dramatic nosedive, leaving the project at markedly low levels of activity.

What Happened: According to data obtained from OpenSea, the floor price of Trump Digital trading cards has plunged over 90%, dropping to 0.17 Ethereum (CRYPTO: ETH), since its launch.

The floor price had reached an all-time high on Dec.19, when Trump NFTs were sold for over 0.54 Ethereum.

See More: Best Crypto Day Trading Strategies 

However, since then sales have plummeted by a staggering 98%, dropping from 11,548 to just 187 on Monday, in just three days.

Sunday marked a dramatic decrease in daily trading volume of NFTs, as CryptoSlam reported just 28 unique buyers across a total of 98 transactions. The dramatic decrease of almost 99% in daily volume is a marked indicator that this surge was short-lived and that investors have cooled off.

Trump NFTs consisted of 45,000 trading cards, featuring a wide range of creative cosplay costumes, such as an astronaut, cowboy and superhero. Originating on Polygon (CRYPTO: MATIC), the NFTs offered buyers a chance to win exclusive rewards, such as dinner or a meet-and-greet with Trump.

Price Action: Ethereum was trading at $1,323, up 0.99% in the last 24 hours, according to Benzinga Pro data.

Read Next: Bitcoin, Ethereum, Dogecoin Rise: Analyst Says This 'ETH Killer' Still Has A Chance If It Can Survive 'Dark Period'

 

 

Related Articles ($ETH + $MATIC)

View Comments and Join the Discussion!

Posted-In: Donald Trump NFTs Trump Digital Trading CardsCryptocurrency News Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com