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Home»ADOPTION NEWS»Original Trump NFT Collection Trading Volume Plunges 99% in Last 30 Days Ahead of Criminal Trial
ADOPTION NEWS

Original Trump NFT Collection Trading Volume Plunges 99% in Last 30 Days Ahead of Criminal Trial

By Crypto FlexsApril 12, 20243 Mins Read
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Original Trump NFT Collection Trading Volume Plunges 99% in Last 30 Days Ahead of Criminal Trial
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Former US President Donald Trump appears to have shown interest in cryptocurrencies and Bitcoin after the billionaire businessman launched his first digital trading card NFT in late 2022, but interest in the original collection has clearly cooled.

Trading volume for an initial collection of 45,000 NFTs featuring glorified, cartoonish images of the 45th president has plummeted 99% in the past 30 days, according to OpenSea data, which also shows there wasn’t a single transaction in the past week.

The collection has recorded more than $50 million in total transaction volume since its launch in December 2022, according to OpenSea data.

Meanwhile, overall NFT trading volume has declined compared to the 2021 bull market, but on the buying and selling side, activity has been relatively stable in recent months, according to Block Data Dashboard. According to CryptoSlam, NFT sales on Ethereum, historically the most popular blockchain for non-fungible tokens in terms of US dollar trading activity, hit $489 million in March! data.

A criminal trial is set to begin on charges of falsifying business records to conceal hush payments as interest in Trump’s NFTs dwindles, as real estate mogul Trump is running for president again this year.

The second series collection of Trump’s digital transactions performed relatively better than the first version, despite a 57% drop in trading volume over the past 30 days, according to OpenSea data. In another recent collection, collectors had the chance to win a dinner invitation to dine with Trump at Mar-a-Lago. According to a recent announcement, the gala dinner is scheduled for May 8. Posted on.

Company that manages NFT drops

The NFT drop and promotion was managed by NFT INT LLC, which according to the former president’s digital trading card website, is “not owned, managed or controlled by Donald J. Trump, The Trump Organization, or CIC Digital LLC.” or any such entity or affiliate.”

NFT INT LLC did not immediately respond to a request for comment.

The website states, “NFT INT LLC uses the name, likeness and image of Donald J. Trump pursuant to a paid license from CIC Digital LLC, which license is subject to termination or cancellation in accordance with its terms.”

However, Trump was previously listed as the manager, president, secretary and treasurer of CIC Digital LLC, according to information released by Citizens for Responsibility and Ethics in Washington.

An NFT based on Trump’s likeness will be issued by Polygon.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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