Over $16 Million Of Donald Trump NFTs Traded On OpenSea
06 Fevereiro 2023 - 03:00PM
NEWSBTC
Over 10,100 ETH worth of former U.S. President Donald Trump NFTs,
translating to $16 million, have been traded, data from digital
marketplace OpenSea shows on February 6. People Want Donald Trump’s
NFTs The Trump Digital Trading Cards was launched in the ERC-721
format as non-fungible tokens (NFTs) deployed on Polygon by
affiliates of Donald Trump, the 45th president of the United
States. 45,000 Trump NFTs were minted in December 2022 on
Polygon, an Ethereum sidechain. Each NFT was coined for $99, and
all tokens sold out in less than 12 hours, raising $4.35 million.
Holders are incentivized with gifts to use the “Trump Sweepstakes.”
Those who hold at least 45 NFTs stand a chance to have dinner with
Donald Trump. Related Reading: Bitcoin Declines, Dollar Recovers on
Trump Win Prospects For every subsequent sale, the creator of the
collection earns 10%. From this, it is estimated that the creator
of the Donald Trump NFT collection has made over 1,000 ETH or
roughly $1.65 million at today’s spot rates. NFT LLC is the team
behind the collection. Trump licensed the use of his name but did
not, in any way, own, manage, or control the collection. At the
moment, the floor price, or the lowest price the NFT can be sold
for, is 0.559 ETH. Nonetheless, the best offer stands at 0.51 ETH,
according to OpenSea statistics. Meanwhile, an NFT from the Trump
collection was recently sold for 0.6 ETH on February 6.
Interestingly, there are 14,372 owners, of which 32% are unique.
According to the creator, each Trump card minted is hand-drawn and
inspired by “President Trump’s extraordinary life & career.”
Collectors are free to purchase any of the six types of Trump NFTs.
Those offered include the unique Trump Trading Cards, Gold &
Silver Autographed Cards, and Business Trump. Demand For NFTs Still
High Out of this collection, the one-of-ones are the rarest and the
most expensive. There will be 1,000 of them. One
was bought for 8.5 ETH, or $13,819.39 at ETH spot rates,
in mid-January 2023. Another piece from the one-of-ones collection
is also listed for 6 ETH. It depicts the former President holding a
torch in front of the Statue of Liberty. Related Reading: Melania
Trump Congratulates Bitcoin On the 13th Anniversary Of Bitcoin
Genesis Block Trump NFTs have also been resilient and consistently
drawing traders. Although there was a dip early this month on
February 4, trading activity is picking up. To illustrate, the
average trading volumes in ETH have risen from 37 ETH on
January 31 to 155 ETH on February 3. OpenSea statistics show
that the average trading volumes are up roughly 1% in the past
trading week, rising to 655ETH. During this time, 1,373 Trump NFTs
have been sold at a floor price of 0.55 ETH. The floor price has
also been on an uptrend per OpenSea data. Feature image from
Flickr, Chart from TradingView
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