Morning Minute | Trump Aims to Raise $36M with 3rd NFT Launch
TylerD's Market Summary
💰 Trump NFTs Are Back
Donald Trump has notably been the pro-crypto candidate in this election cycle.
Crypto Twitter's "darling" candidate gained steam from his comments at Bitcoin Nashville and in a handful of other interviews.
Now, Trump is showing his love for NFTs by dropping his 3rd collection.
What Happened?
Yesterday, Presidential candidate Donald Trump shared a 2-minute video teasing the release of his 3rd NFT collection.
The set is called "Trump Digital Trading Cards - America First" edition.
A quick TLDR of the launch:
- What: Digital trading cards, similar to his prior 2 NFT collections
- Price: $99 each
- How Many: 360,000 total possible supply
- Where: Minted from his site, residing on Polygon
- Incentives: Buyers of 75 and/or 250 cards get perks like Dinner with Trump, a private cocktail reception and more
- Secondary: not available for transfer or resale until Jan 31, 2025
So the NFTs are not tradable for 5 more months.
And Trump is set to raise nearly $36M if the NFT collection sells out (unlikely with just 17,000 minted so far).
Why It Matters
The actions of the former President are certainly under more scrutiny than ever during this razor-tight election cycle.
His sons have each had questionable crypto ties in recent months, with all of his sons involved in certain degrees with several memecoin launches (and rugs).
And now Donald is back to sell more NFTs.
But at least it's something he and his team have done before, and clearly there is demand.
His fanbase is strong, with $1.7M in NFTs sold in less than 24 hours since launch (the private dinner incentive helps).
Overall, it's unlikely this NFT mint impacts his campaign in any way other than a nice raise for Trump. And doubtful we're still talking about it in a few weeks.
Though perhaps that's a bad sign for minters...
🚚 What else is happening in NFTs?
Here is the list of other notable headlines from the day in NFTs:
- ETH led NFT trading volume with $4.5M on the day; Solana was next with $3.2M, and then BTC with $1.5M
- ETH NFT leaders were mixed on the day; Pudgy even at 10.5 ETH, BAYC -5% at 13.1 ETH, Azuki +2% at 4.92, Milady -3% at 3.68
- Punks derivative collection Pnuks ran to a 0.016 ETH floor on 110 ETH volume in the first NFT derivative collection to have some success in a while
- MetaCene (+120%) and Bulls and Apes (+85%) were other notable top movers
- BTC NFT leaders were also mixed; NodeMonkes -2% at 0.134 BTC, Puppets +1% at 0.095 BTC, Quantum Cats -4% at 0.27; Pizza Ninjas flipped Nodes, now at 0.143 BTC
- The Runes leaders were mostly red; DOG -5% at $290M mc, RSIC -8% at $72M mc, PUPS +8% to $49M
- PUPS announced the bridge to Solana will open today, allowing bridging of runes off of Bitcoin nd for BRC20 holders to convert at the 100:1 ratio
- Solana NFTs chopped; Mad Lads even at 55 SOL, SMB Gen 2 -3% at 27.4, DeGods even at 31
- Donald Trump announced his newest NFT collection the Trump Digital Trading Cards: America First edition, priced at $99 each, on Polygon, nontransferable until Jan 2025 and with 360,000 in total supply
- Doodles teased their newest music video "Can't Hold Me Down," premiering on Friday
- Iconic Moments announced its next release will feature Erick Calderon (Snowfro), auctioning off 3 Chromie Squiggles along with physical signed prints on 9/9
💰 Token, Airdrop & Protocol Tracker
Here's a rundown of major token or airdrop news from the day:
- Robinhood Wallet has added Solana support, allowing for self-custody of Solana tokens and sends + receives
- Magic Eden launched a "Pump Fun for NFTs" with its Mint Terminal, aggregating many different minting platforms into one and offering near-instant minting
- Mad Lads holders are getting another airdrop with a champagne twist, courtesy of dVIN labs
- MKR re-branded as Sky and introduced new upgraded tokens including $SKY (upgraded version of MKR, governance token)and $USDS (upgraded version of DAI, stablecoin)
🌎 Around Crypto and Web3
A few other Crypto and Web3 headlines that caught my eye:
- Crypto majors fell 4-5% on Tuesday evening; BTC -4% at $60,000; ETH -4% at $2,530, SOL -4.5% at $148
- Memecoin majors were also red with DOGE -3%, PEPE -4%, WIF -6%, BONK -5%, MOG even
- The TON blockchain was down for several hours on Tuesday evening in the wake of its CEO's arrest
- Vitalik disclosed his salary from the Ethereum Foundation ($140,000), as the foundation faces pressure about its $100M annual budget and lack of transparency
- Machi teased a new memecoin launch for MACHI, coming on Blast and made "unruggable" because of Baseline Markets tech (launch date TBD)
- Coinbase partnered with Liquid Death in a new nationwide advertising campaign hitting grocery stores for the next 6 months
- Immutable reported that more than 400,000 players have pre-registered for Immortal Rising 2
- The Ronin Bridge audit completed and a proposal for re-opening the bridge went live
- Nigerian Exchange Quidax became the first to receive a crypto license from the Nigerian SEC
🚀 Memecoin Movers
- NEIRO (+120%, $30M market cap, ETH)
- $APES (+41%, $19M market cap, SOL)
- $BILLY (+30%, $37M market cap, SOL
- r/snoofi (+20%, $14M market cap, SOL)
- $POPCAT (+11%, $715M market cap, SOL)
📈 NFT Floor Price Increase (ETH)
- Charts Two Dot 0 (2,000%, 0.2 ETH Floor)
- MetaCene (120%, 0.26 ETH)
- Doubler Eyes (92%, 0.13 ETH)
- Bulls and Apes (87%, 0.07 ETH)
- Matrix 2061 (83%, 0.85 ETH)
🗓 Upcoming Mints and Events
Today is a busier day of mints and events.
The BRETT memecoin is having an NFT mint on Base, another Remilio expansion is coming to Solana with Claymilios, and then Soneium is set to debut it's new L2 from Sony.
See the full list and dive in for more details with Swizzy's daily mint monitor.
- It's Brett! (10:00 a.m. ET)
- Memes by 6529 (11:00 a.m. ET)
- Claymilios (10:15 a.m. ET)
- Soneium (12:00 p.m. ET)
- Floor Icons Series 4 Drop 6 (1:00 p.m. ET)
Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email to tyler.warner@luckytrader.com.
