Former US President Donald Trump’s NFT holdings increased 133% in the last 24 hours to 0.3738 ETH, or approximately $570 at press time.
According to OpenSea data, the NFT collection was involved in 961 transactions in the last 24 hours, and its sales volume increased 1687% to 316 ETH. There are currently 14,677 owners among the 45,000 NFTs, representing a 33% unique ownership rate.
According to CryptoSlam data, the collection’s sales volume in the last seven days exceeded $770,000. At one point this morning, the site’s 24-hour trading volume had increased 1,900% over the previous reporting period.
CoinGecko, a cryptocurrency data aggregator, linked the increase to reports of Trump’s planned return to social media platforms Twitter and Facebook.
During his campaign for the presidency of the United States, Donald Trump reportedly petitioned Facebook’s parent company to unblock his account on the social media platform.
Following a poll, Elon Musk reinstated the former president’s Twitter account on November 19. President Trump, on the other hand, has yet to issue a new tweet.
President Trump’s NFTs sold out within 24 hours of their release on December 15. The collection’s floor price has more than doubled from the original $99 mint price.
However, interest in the collection quickly faded, and several criticisms were levelled regarding its internal minting, licencing issues, and design plagiarism, causing it to lose more than 80% of its value in 10 days.
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