As his digital trading cards fall in value, Trump says his ‘sweet’ NFTs were about the art – Bitcoin News

After climbing to a high of 0.79 Ether on December 17, 2022, Donald Trump’s non-fungible tokens (NFTs) have dropped significantly in value over the past 12 days. As of December 29, 2022, Trump’s NFT collection has a floor value of 0.15 Ether, which is around 81% lower than the floor value recorded last week.

Trump digital collectibles slide significantly in value since launch, after looking at art Trump was happy with his 30-inch waistline

The 45th President of the United States, Donald Trump, recently issued 45,000 non-fungible tokens (NFTs), and during the first day of the sale, each NFT sold for $99 per unit. Trump NFTs began trading on secondary NFT markets on December 15, 2022 and had a floor value of around 0.1 Ether or around $125 for the cheapest Trump NFTs. Two days later, Bitcoin.com News reported how Trump’s NFTs skyrocketed in value after being mocked by a large number of left-wing political commentators.

On the same day, December 17, 2022, Trump’s NFT floor price jumped to an all-time high of around 0.79 ether or around $940 per unit, according to statistics from leading NFT marketplace Opensea. Since then, however, Trump’s NFT collection has seen the floor price slide all the way down to 0.15 ether ($180), which is 8.54% lower than the floor values ​​recorded 24 hours ago. Calculations indicate that as of December 29, 2022, 9% or 3,864 Trump NFTs are listed on Opensea, and in total there are approximately 15,083 unique Trump NFT cardholders.

9,801 of these unique holders have only one Trump NFT in their wallet while 2,556 own at least two Trump NFTs. 79 owners have about 45 Trump NFTs, which means they will get an invitation to the Trump gala dinner in South Florida, at least according to the terms of service agreement on the collecttrumpcards.com website. Four owners hold 60 NFTs from the Trump collection and seven wallets hold 100 Trump NFTs. There is also one owner with approximately 1000 Trump NFTs in his wallet.

Trump told the press last week that his NFT collection was not about making money and was more about art and a trim waistline. “Well, I knew nothing about [the NFTs] and then a group came and I loved the art,” Trump said OAN. “You know, it’s kind of comic book art when you think about it, but they showed me the art and I said, wow, I’ve always wanted to have a 30-inch waist.” The former US president added:

I heard someone [once say] it was the investment of the year. I didn’t see it as an investment. I thought they were cute. These visions are very beautiful [and] interesting.

Since Trump’s digital trading card entered secondary sales markets, Opensea says 7,720 ether or $9.2 million in sales volume has been recorded to date. In addition, onchain tracking data via the Telegram group “Onchain Intrigue” shows that the “Trump NFT admin” wallet moved 128 wrapped ether (WETH) worth more than $153K to six different Polygon wallets on December 28, 2022. Trump said that the digital cards were expected to sell out in about six months, but sales turned out to be much faster.

“Wow, that’s kind of sweet,” Trump said of his own NFT collection before the sale. “It can sell, it can sell. They thought it would sell in six months, it sold in six hours,” added the former US president.

What do you think about Trump’s “absolutely cute” NFT cards and their market performance since the collection of 45,000 NFTs was launched? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.