Sales of the initial Trump Digital Trading Card NFTs have dropped significantly, with trading volumes decreasing by 99% in the last 30 days. Data from OpenSea shows a sharp decline in transactions, with no activity recorded in the past week. This is a stark contrast to the collection’s initial success, which saw over $50 million in total trading volume since its launch in December 2022.
Trump’s Relationship with Crypto
Former U.S. President Donald Trump has shown interest in crypto and bitcoin, as seen in his venture into the NFT market with digital trading cards. However, the declining interest in the original collection coincides with Trump’s upcoming criminal trial, where he faces allegations of falsifying business records related to hush money payments.
Comparison to Overall NFT Market
While overall NFT trading volumes have stabilized compared to the frenzy of 2021, the broader market has shown relative stability in recent months. Ethereum-based NFT sales volumes reached $489 million in March, according to CryptoSlam! data, indicating ongoing activity despite specific collections like Trump’s underperforming.
Second Series Performance and Promotions
In contrast to the decline in the first edition, the second series of Trump’s digital trading cards has seen relatively better performance, with a 57% decrease in trading volumes over the past 30 days. Recent promotions for the collection included the chance for collectors to win a dinner invitation with Trump at Mar-a-Lago, scheduled for May 8, as announced on X.
Ownership and Management of NFT INT LLC
NFT INT LLC, the entity managing the NFT drops and promotions, operates independently from Donald J. Trump, The Trump Organization, and affiliated entities. While the website states that NFT INT LLC holds a paid license from CIC Digital LLC to use Trump’s name and likeness, Trump’s previous ties to CIC Digital LLC raise questions about ownership and management.
NFTs based on Trump’s likeness are minted on the Polygon blockchain, providing digital authentication for the collection.
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