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Donald Trump ‘Series 2’ NFTs floor price crumbles more than 10% below purchase price Donald Trump ‘Series 2’ NFTs floor price crumbles more than 10% below purchase price

Donald Trump ‘Series 2’ NFTs floor price crumbles more than 10% below purchase price

Donald Trump's NFT rollercoaster: Series 2 floor price tumbles below buy-in price โ€” while Series 1 sales soar.

Donald Trump ‘Series 2’ NFTs floor price crumbles more than 10% below purchase price

Cover art/illustration via CryptoSlate

Former U.S. President Donald Trump’s non-fungible token (NFT)ย  second collection has crumbled more than 10% below the purchase price of $99 โ€” currently with a floor price of roughly $88 at press time.

According to OpenSea analytical data, the floor price rapidly crumbled on April 19 and currently sits at 0.0468 Ethereum (ETH) โ€” worth roughly $87.84.

Source: OpenSea
Source: OpenSea

OpenSea data also showed that the NFTs had seen 14,755 sales on April 22, with a volume of 1037 ETH โ€” worth roughly $1.9 million.Volume has fallen significantly over the last five days โ€” falling to just 25.49 ETH on April 22, from 482 ETH in volume on April 18.

Source: OpenSea
Source: OpenSea

The ‘Trump Dump Effect’

Peaking out of the gates at around 0.2 ETH โ€” worth roughly $375 โ€” the announcement of Trump’s Series 2 NFT collection caused Series 1 to crash 58% by April 19.

As of April 22, the floor price of Trump’s first NFT collection is down 64% โ€”at 0.14 ETH at of press time.

The ‘Trump Pump Effect’?

On the flip side of the crumbling floor price, the first collection’s sales are up almost 500% at 1779 paired with a volume of 284 ETH โ€” up over 150%.

The bulk of the first collections sales and volume can be seen below, mainly concentrated on April 18 โ€” coinciding with the announcement of ‘Series 2’.

Source: OpenSea
Source: OpenSea

Meanwhile, the fall in floor price of both Trump NFT digital asset collections also coincides with Bitcoin (BTC) price crashing to $27,300 โ€” amid liquidations reaching almost $200 million.

Posted In: NFTs, Trading