Any News Is Good News? Trump Cards Jump

Any News Is Good News? Trump Cards Jump
In this post

News that former President Donald Trump has been indicted by a Manhattan grand jury sparked a volume and floor price increase in his collectible trading card NFTs on Thursday.

🧐 Wait, What?

In December, Trump released his collectible trading card collection on the Polygon blockchain at a starting price of $99. Various utilities were offered based on the quantity of purchase and reveal of select NFTs, like dinner with the former President. Read more about the collection in our initial reporting

📊 By the Numbers

The Trump Digital Playing Card collection has traded 105 ETH in secondary volume on OpenSea in the last 24 hours, a 400 percent boost compared to the prior day. During that time, the floor price jumped nearly 10 percent to 0.52 ETH. 

❗Why It Matters

While we won't comment on the ongoing legal proceedings, the fact remains that NFTs and web3 are highly influenced by attention and can move quickly upwards or down as a result of a simple headline. The collection has already started to cool down from the highs achieved last night, but more and more attention could keep it in the limelight for a while longer. 

🧠 Learn More

  • Trump Releases Digital Playing Card Collection
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