Trump NFT sales volume soars 461% following indictment Trump NFT sales volume soars 461% following indictment
Trump has lashed out at the news of his indictment, calling it a "political persecution."
2 min read
Updated: Mar. 31, 2023 at 1:50 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 sales volume rose 461% to $185,783 in the last 24 hours despite a grand jury indictment of March 30.
The NFT collection was involved in 183 sales transactions in the last 24 hours, according to CryptoSlam’s data.
Meanwhile, OpenSea’s data showed that the digital assets saw 459 sales, with its sales volume dropping 41% to 244 ETH during the reporting period.
The uptick in its sales volume was positively reflected in the floor price of the collection, according to crypto data aggregator CoinGecko. According to the data, Trump NFTs’ floor price grew 16% to 0.568 ETH — roughly $1,019.
The market cap of the NFTs also increased by 16% to 25,560 ETH — $45.88 million.
Trump’s NFTs have enjoyed a starling year as interest in the assets has increased as the year progressed. In 2023, the floor price of the collection went from a low of 0.145 ETH recorded on January 6 to as high as 0.675 on February 13.
Trump responds to indictment
Trump has lashed out at the news of his indictment, calling it a “political persecution,” adding that he cannot get a fair trial in New York.
In a lengthy statement posted on Truth Social, Trump added:
“THIS IS AN ATTACK ON OUR COUNTRY THE LIKES OF WHICH HAS NEVER BEEN SEEN BEFORE. IT IS LIKEWISE A CONTINUING ATTACK ON OUR ONCE FREE AND FAIR ELECTIONS. THE USA IS NOW A THIRD WORLD NATION, A NATION IN SERIOUS DECLINE. SO SAD!”
Trump became the first U.S. President to be criminally indicted after a grand jury voted to indict him over a hush money payment made to Stormy Daniels during the 2016 election.
The Guardian reported March 31 that the former President is expected to appear for arraignment on Tuesday. The report added that he would be fingerprinted, photographed, and processed for arrest.
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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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A businessman, politician, and media personality, Donald John Trump served as the 45th president of the United States from 2017 to 2021.