Trading volume of the NFT-collection of cards featuring former U.S. President Donald Trump surged by 440%. This followed the grand jury’s approval of an indictment on 30 counts, according to CNN.
According to the agency, hearings are scheduled for Tuesday, April 4.
“For the first time in U.S. history, an incumbent or former president will face criminal charges,” journalists noted.
Manhattan District Attorney Alvin Bragg is leading the investigation into Trump in connection with his alleged role in a scheme to pay hush money and conceal information involving porn actress Stormy Daniels as part of the 2016 presidential campaign.
Trump Digital Trading Cards comprises 45,000 collectible tokens, featuring the former president in various guises, including a laser-eyed superhero.
Over the past 24 hours, the minimum price of the NFT collection rose by 20%, to 0.568 ETH (~$1,018), trading volume up 440% to 104 ETH (~$186,370), and the number of completed trades up 350% to 184.
The stated figures lag behind those recorded previously. On the second day after the debut, the turnover of the collection’s tokens stood at $3.77 million, according to CryptoSlam.
Early buyers were promised participation in a prize draw, including an autograph session and a personal Zoom call with the politician, over dinner or a round of golf.
According to The Block, the NFT collection earned $4.5 million and over $100,000 in royalties from secondary sales. The most expensive lot sold for 23.99 ETH ($42,990).
Earlier, in January 2022, Parler and artist John McNaughton announced the creation of NFTs featuring Trump. The collection ‘illuminates the former president in countless circumstances’.
In December 2021, former First Lady Melania Trump launched an NFT platform and unveiled her first digital artwork on the Solana blockchain.