• Former President Donald Trump’s arrest in New York City has resulted in a surge of interest in his NFT collection, with sales quadrupling in volume.
• Reports from the NFT marketplace OpenSea revealed that holders of the Trump Digital Trading Card had sold 30 NFTs within an hour following his court appearance.
• Trump has been charged with 34 felony counts of business fraud through a “catch and kill” scheme to cover up damaging information before the 2016 election.
Trump’s Arrest Sparks Interest In His NFT Collection
Former President Donald Trump’s arrest in New York City has caused a spike of renewed interest in his Non-Fungible Token (NFT) collection, resulting in sales increasing by 462%. The increase was reported by the popular NFT market place OpenSea, who monitored the sale of 30 tokens within an hour following his court appearance.
Trump Digital Trading Cards
The original release of the Trump Digital Trading Cards occurred back December 2022 and featured digital collectibles featuring Donald Trump’s likeness at an original price tag or $99 each. Buyers were also given the chance to participate in a sweepstake to win exclusive experiences with former president. Despite its high demand and popularity, its floor price stayed steady at 0.5 ETH (approximately $930).
Criminal Charges Brought Against Trump
Manhattan District Attorney Alvin Bragg has pressed criminal charges against former President Donald Trump for allegedly making hush money payments to several individuals to cover up certain matters which could have impeded his presidential campaign leading into 2016 election when he was elected as 45th U.S President. Under New York state law, falsifying business records is considered a misdemeanor charge but due to records being allegedly falsified to cover more serious crimes additional felony charges have been added against him by Bragg.
Comparison Of Different Collections
To compare activity levels between different collections, Nakamigos is one of the most popular NFT collections right now clocking over 1000 sales within same time period as above mentioned spike in sales related to Donald Trumps collection however percentage growth makes it newsworthy with whopping 462%.
With such high level criminal charges brought upon him former President Donald Trumps arrest has sparked new interest amongst collectors for his digital token collections causing prices and volumes to rise significantly although not equivalent enough compared to other popular collections on market currently still this spike is noteworthy due its substantial increase across 6 hours period after arraignment providing clear indication that even political figures can be part of modern day digital collecting phenomenon.