With the news that a Manhattan grand jury had decided to bring charges against Donald Trump, the price of Trump NFT Trading Cards about the 45th President of the United States has gone up by a lot.
The NFT data aggregator known as NFTPriceFloor reports that the floor price of Trump’s NFTs is now set at 0.499 ETH, which is equivalent to almost $900 at the current exchange rate. In comparison, the price of the cards started out at $99, but by the end of December of the previous year, it had reduced to as low as 0.02 ETH, which is equivalent to about $35.
A significant increase in trading volume has also been observed in the NFT collection. The trading volume of the former President’s digital cards increased to 87 ETH (about $160,000) on March 31, one day after he was indicted, compared to only 34 ETH the previous day. This marked a significant increase.
The average sale price of Trump’s NFTs was 0.4555 ETH, which is equivalent to around $800. This is a decrease of more than 16% in the preceding twenty-four hours. According to the site, the largest sale reached 0.9298 ETH, which is equivalent to over $1,700. This represents a rise of 23% in the same period as the previous period.
According to what has been stated, the former President launched its collection of NFTs in December of the previous year under the name “Trump Cards.”
A number of digital “cards” are included in the NFT collection. These “cards” represent Donald Trump in a variety of classic stances and settings, such as Trump as a muscle-bound wrestling champion, Trump with a basketball, and even Trump in space.
At the time, he declared that “these limited edition cards showcase beautiful art of my life and career!” He went on to say that the cards, which cost $99 (£81) apiece, “would make a great Christmas gift.”
There were a total of 45,000 NFTs, and each one of them was mined on Polygon, which is a layer-two scaling solution that works in conjunction with the Ethereum blockchain. Polygon enables transactions to be completed quickly and at a low cost.
On March 30, a New York grand jury issued a criminal indictment against Donald Trump, marking a first former President of the United States. Because the indictment is currently under secret, the specific substance of the accusations is not known at this time; nonetheless, they originate from payments made during the presidential campaign of 2016 to hush claims of an illicit sexual encounter.
To be more specific, it is said that Trump’s former lawyer, Michael Cohen, paid porn star Stormy Daniels $130,000 in hush money in the year 2006 in order to silence her. Daniels asserts that she had an affair with Trump, which the President categorically refutes, as well as the charges that he was complicit in paying her to remain silent about the affair.
CNN stated that the accusation against Trump includes more than 30 counts connected to business fraud and that the former President is scheduled to be arraigned in criminal court in Manhattan on the following Tuesday.
In the meantime, President Trump has recently issued a statement in which he criticizes District Attorney Alvin Bragg and other Democrats in response to the announcement of the indictment. The statement was released on Thursday and included the following quote from the former President: “I believe that this Witch-Hunt will backfire spectacularly on Joe Biden.”
“The people of the United States are fully aware about what the Radical Left Democrats are attempting to do here. It is obvious to everyone. Hence, our Movement and our Party will first defeat Alvin Bragg, and then will defeat Joe Biden, and we are going to throw out of office every single one of these corrupt Democrats so that we can MAKE AMERICA GREAT AGAIN! ”
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