Former US President Donald Trump’s NFT floor price dropped 58% to 0.183 ETH (approximately $382) in the last 24 hours after he announced a second collection on April 18.
According to CryptoSlam data, the first fundraiser was involved in 1,210 sell transactions and its trading volume increased 889% to $379,819 in the last 24 hours.
Meanwhile, OpenSea data showed that digital assets recorded 1,503 sales, with their sales volume rising 188% to 296 ETH during the reporting period.
President Trump’s new collection
President Trump’s new collection “Series 2” includes 47,000 NFTs minted on the Polygon blockchain and priced at $99 each. The collection is sold out, according to its official website.
President Trump said he chose to keep the “price of trading cards the same as last time” even though he could have increased it “a lot more.” According to Trump, he decided against it because he would not be given “any credit of a good kind.”
According to the available data, the former president earned up to $1 million from the sales of the first collection.
The Series 2 collection depicts the former president as George Washington, a golden chess piece holding a globe and an American flag, the king of hearts on a playing card, and a rock star.
Like the first iteration, the second collection incentivizes buyers with the promise of a gala dinner with the president at his Mar-a-Lago residence. However, this offer is only available to cardholders who purchase 47 pieces of the digital trading cards.
Meanwhile, the new collection is also not owned, managed or controlled by Trump, his company or its affiliates. The website also adds that NFTs “are not political and have nothing to do with any political campaign.”
The post-President Trump NFT price floor plunged 58% after the ‘Series 2’ release first appeared on CryptoSlate.
This post President Trump’s NFT Price Floor Plunged 58% After ‘Series 2’ Launched
was published first on https://cryptoslate.com/president-trump-nfts-floor-price-crashed-58-after-series-2-launch/