Despite a March 30 grand jury charge, former US President Donald Trump’s NFT collection sales volume increased 461% to $185,783 in the last 24 hours.
According to CryptoSlam data, the NFT collection was engaged in 183 sales transactions in the last 24 hours.
Meanwhile, according to OpenSea data, the digital assets saw 459 sales, with sales volume falling 41% to 244 ETH during the reporting time.
According to crypto data aggregator CoinGecko, the increase in sales volume was reflected favourably in the collection’s floor price. According to the data, the floor price of Trump NFTs increased by 16% to 0.568 ETH — approximately $1,019.
The NFTs’ market cap rose by 16% to 25,560 ETH — $45.88 million.
Trump’s NFTs have had a stellar year, with interest in the assets increasing as the year proceeded. In 2023, the collection’s base price increased from 0.145 ETH on January 6 to 0.675 ETH on February 13.
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.
Trump NFT collections
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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