Trump’s Series 2 Sold Out Tops Daily NFT Sales Chart

Trump’s Series 2 Sold Out Tops Daily NFT Sales Chart

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Former US President Donald Trump’s second set of non-fungible tokens (NFT), the Trump Digital Trading Cards Series 2, sold out within the first 24 hours of its launch, according to the project’s website.

See related article: Politics will be a Trojan horse for NFTs

Fast facts

  • Trump’s second set of digital cards topped global NFT sales in the past 24 hours, CryptoSlam’s data showed. It has generated over $2.7 million in secondary sales since its launch on Tuesday and has 7,394 owners.
  • The new NFT collection’s predecessor, Trump Digital Trading Cards Series 1, also sold out on its first day of launch in December 2022.
  • Series 2 NFTs were sold for US$99 each on the Polygon blockchain. With 47,000 assets in the collection, the project is believed to have generated over $4.65 million in revenue.
  • About US$2.6 million of the sale was made by wrapped Ether transactions, suggesting that the project has brought about US$2 million of new funds into the Polygon network, according to CryptoSlam.
  • Discard POL NFT Composite, an index that measures NFT market activity on the Ethereum scale, fell 2.45% in the last 24 hours. The index fell sharply in about 3.5 hours since Trump announced the launch of his Series 2 NFTs.

  • NFTs must be at least six months old to be included in the index, which is algorithmically designed to cover the top 100 smart contracts on a given day. The simultaneous increase in sales of the new NFT collection and a decline in the index indicates that some polygon-based NFT traders have sold their holdings to buy the new Trump NFTs.
  • The launch of the Trump Digital Trading Cards Series 2 on Tuesday led to a steep drop in the original collection’s floor price, or minimum secondary sale price.
  • On NFT marketplace OpenSea, the new collection’s floor price fell from 0.2 Ether ($400), valued shortly after its launch on Tuesday, to 0.05 Ether less than 24 hours later.
  • Trump’s recent financial disclosure revealed that he received up to $1 million in revenue from the first edition of his digital trading cards. Earlier this month, the former president pleaded not guilty to 34 criminal charges of falsifying business documents.
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