At the end of 2022, the former President of the United States, Donald Trump launched his collection of NFT cards. Sales continued to fall at the start of the year. But in the past 24 hours, sales have skyrocketed following news of his indictment.
Donald Trump NFT Collectible Sales Explode
In the past 24 hours, sales of Donald Trump trading cards have increased by more than 500%. This explosion follows the announcement of the indictment of the former president by a New York grand jury. The news fell on Thursday evening. More than $50,000 worth of Donald Trump NFT cards were exchanged at the same time.
Buying Donald Trump’s NFTs allows you to participate in a lottery that allows you to win various prizes. We can mention a dinner in Miami, a group cocktail at Mar-A-Lago or a golf trip with the former president. According to the initial announcement, purchasing 45 or more NFTs guarantees buyers an invitation to a gala dinner with Trump in Florida. All this has meant that the volume of trade in the collection has historically been very high. According CryptoSlamcards worth around $184,000 were sold in 24 hours.
The charges against him remain unknown.
The indictment is under seal so the exact charges remain unknown. Nevertheless, they are linked to a payment of occult money that Michael Cohen made to Stormy Daniels before the 2016 election. Michael Cohen being Donald Trump’s former lawyer. Trump’s in-person impeachment appearance could be as early as Tuesday.
Either way, the surge in sales of these NFTs could have earned him close to $4.5 million. Creation fees set by OpenSea entitle the holder to a 10% royalty on secondary sales. This means that the project has already accumulated more than $100,000 from transactions made so far.
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