Trump’s NFT Collection Trading Volume Plummets by 99%

Over the past month, trading volume for the first NFT series of former U.S. President Donald Trump has dropped by 99%, according to The Block.

Released in 2022, the Trump Digital Trading Cards collection includes 45,000 tokens depicting the former president in various guises, including as a superhero with laser eyes.

In March 2023, trading volume for the NFT series surged by 440% following a Grand Jury’s approval of 30 charges against Trump.

Media reports indicated that sales of the non-fungible tokens brought the politician up to $1 million. According to disclosed information, Trump earned $298,000 in licensing fees.

In April 2023, the former U.S. president released a second NFT collection on the Polygon blockchain. It contains 47,000 tokens featuring images of the politician in various roles. In December, Trump introduced a third series of his personal NFT collection titled MugShot, featuring his prison photo.

In January 2024, the former U.S. president vowed never to allow the Fed to launch a CBDC. He cited risks of “debanking and the emergence of political weaponry” as reasons for this decision.

Back in March, Trump promised not to interfere with the use of Bitcoin and other cryptocurrencies if he wins the presidential election in November. He also described digital gold as an “additional form of currency” that has already “come into its own”.

According to a Paradigm survey, about 48% of cryptocurrency holders in the U.S. plan to vote for Trump in the upcoming presidential election. Another 38% support the current head of state, Joe Biden, while 13% remain undecided.