According to statistics from online exchange OpenSea on February 6, over 10,100 ETH, or $16 million, worth of former US President Donald Trump NFTs had been exchanged.
The ERC-721 formatted Trump Digital Trading Cards were released by associates of Donald Trump, the 45th President of the United States, and were deployed on Polygon as non-fungible tokens (NFTs).
In December 2022, 45,000 Trump NFTs were created on the Polygon Ethereum sidechain. All NFTs, which were issued for $99 each and raised $4.35 million, were sold out in less than 12 hours.
The “Trump Sweepstakes” offers incentives to holders in the form of goods. The opportunity to dine with Donald Trump is available to those who possess at least 45 NFTs.
The collection’s creator receives 10% of the proceeds from subsequent sales. This is said to have netted the Donald Trump NFT collection’s inventor approximately 1,000 ETH, or around $1.65 million at the current market pricing. The collection’s creators are NFT LLC. Trump did not in any way own, manage, or control the collection; he just granted a license for the use of his name.
Currently, the NFT may only be sold for 0.559 ETH, which is the floor price. Nevertheless, according to OpenSea data, the best offer is now 0.51 ETH. On February 6, a Trump collection NFT was most recently sold for 0.6 ETH.
There are 14,372 owners, 32% of them are unique, which is interesting. Each Trump card produced, claims the maker, is individually hand-drawn and was motivated by “President Trump’s incredible life & career.” All six of the different Trump NFT varieties are available for purchase by collectors. The exclusive Trump Trading Cards, Gold & Silver Autographed Cards, and Business Trump are among several that are available.
The one-of-a-kinds are the most costly and rarest items in this collection. They will number 1,000. One was purchased in the middle of January 2023 for 8.5 ETH, or $13,819.39 at ETH spot pricing. A second unique item from the collection is also available for 6 ETH. It shows the previous president standing in front of the Statue of Liberty while holding a torch.
Additionally durable and continually attracting traders, Trump NFTs. Despite a decline on February 4 at the beginning of the month, trade activity is already increasing. To provide an example, on January 31 there were 37 ETH traded on average, and on February 3 there were 155 ETH traded on average.
According to OpenSea figures, the average trade volume increased by almost 1% over the previous trading week, reaching 655ETH. At a floor price of 0.55 ETH, 1,373 Trump NFTs have been sold thus far. Data from OpenSea also show that the floor price has been rising.