Donald Trump’s NFT Collection Goes Crazy Nearly 500% After He Was Indicted

Key Points:

• NFT Trump Digital Trading Cards trading volume spiked 461% after he became the first US President to face criminal charges.
• On OpenSea, the floor price of an NFT is at 0.534 ETH, or about $980.
• Donald Trump has been indicted on more than 30 counts related to fraudulent business dealings and will appear in person next week.

NFT sales of Donald Trump trading cards have skyrocketed nearly 500% in the past 24 hours, following news that the former President was the first to be indicted by a grand jury in New York on criminal charges.

According to information from NFT Price Floor, the floor price of Donald Trump’s NFT collection, or the price of the cheapest-listed NFT in the collection, increased 24% during the previous 24 hours to reach a current price of $1,023. The floor price on Thursday night dropped just short of surpassing the all-time high of $1,079 from February, which occurred just after the news of Trump’s indictment broke.

Additionally, sales have soared since last night, with CryptoSlam reporting a 461% rise in secondary trade volume over the past 24 hours compared to the prior period. The website boasts sales of Trump NFT for $184,000 during the previous day.

The NFT collection that was released in December of last year quickly sold out after only a few hours of launch, even occupying the top 1 trading volume on OpenSea at that time. However, the former President, who is returning to American politics, explained that he released NFT only to satisfy his passion for art, not to ask for money.

On OpenSea, the floor price of an NFT is at 0.534 ETH, or about $980.

Following a grand jury’s affirmative vote in New York, as the media reported on March 30, Donald Trump became the first US president to ever face criminal charges in the history of the country.

Donald Trump has been indicted on more than 30 counts related to fraudulent business dealings. The indictment is currently sealed, and Trump is expected to appear in person to hear the charge publicly next week, possibly as early as Tuesday.

An investigation into the hush money that Donald Trump gave to celebrity Stormy Daniels prior to the 2016 election led to the indictment. It will be the most politically charged trial in American history, according to the former federal prosecutor.

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