Donald Trump NFTs surge 133% to $570 in 24 hours Donald Trump NFTs surge 133% to $570 in 24 hours
CoinGecko tied the floor price rise to reports of Trump's planned return to social media platforms Twitter and Facebook.
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Updated: Jan. 19, 2023 at 1:46 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Former U.S. President Donald Trump’s NFT collection rose 133% in the last 24 hours to 0.3738 ETH, roughly $570 as of press time.
The NFT collection was involved in 961 transactions in the last 24 hours, and its sales volume surged 1687% to 316 ETH, according to OpenSea data. The 45,000 NFTs currently have 14,677 owners, representing a 33% unique ownership rate.
CryptoSlam’s data shows that the collection’s sales volume in the last seven days was above $770,000.
Crypto data aggregator CoinGecko tied the uptick to reports of Trump’s planned return to social media platforms Twitter and Facebook.
Amid his plans to campaign for the U.S. presidency, Donald Trump reportedly petitioned Facebook’s parent company to unblock his account on the social media platform.
Elon Musk reinstated the former president’s Twitter account on Nov. 19 following a poll. However, President Trump has yet to make a new tweet.
President Trump’s NFTs sold out within 24 hours of its launch on Dec. 15. The collection’s floor price surged to more than double its $99 mint price.
However, interest in the collection soon petered out, and several criticisms were raised over its internal minting, licensing issues, and design plagiarism — causing it to lose over 80% of its value in 10 days
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Meta (formerly known as Facebook, Inc.) is an American online social media and social networking service company based in Menlo Park, California.
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X (formerly Twitter) is an American social media company based in San Francisco, California, that was founded by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in March 2006 and was launched July of the same year.
A businessman, politician, and media personality, Donald John Trump served as the 45th president of the United States from 2017 to 2021.
South African-born Elon Musk has founded several companies, including X.com (which later became PayPal), SpaceX and Tesla Motors.
