After peaking at 0.79 ether on December 17, 2022, Donald Trump non-tradable tokens (NFTs) have lost significant value over the past 12 days. As of December 29, 2022, Trump’s NFT collection is worth 0.15 ether, which is about 81% below the highest floor value recorded last week.
Trump Digital Collection Properties Have Depreciated Significantly Since Launch, After Viewing Art, Trump Was Pleased With His 30-Inch Waist
Donald Trump, the 45th president of the United States, recently issued 45,000 non-fungible tokens (NFTs) that sold for $99 per NFT unit on the first day of the sale. Trump’s NFTs began trading on the secondary NFT markets on December 15, 2022, and cost about 0.1 ether, or about $125, for the cheapest Trump NFTs. Two days later, Bitcoin.com News reported how Trump’s NFTs were gaining value after being mocked by numerous left-leaning political commentators.
On the same day, December 17, 2022, the floor price of Trump’s NFT jumped to an all-time high of about 0.79 ether, or about $940 per unit, according to statistics from Opensea, a leading NFT marketplace. But since then, Trump’s NFT collection has seen its low price drop to 0.15 ether ($180), which is 8.54% below the floor values recorded 24 hours ago. Metrics show that on December 29, 2022, 9% or 3,864 Trump NFTs were listed on Opensea, with a total of approximately 15,083 unique Trump NFT cardholders.
Of these unique holders, 9,801 have only one Trump NFT in their wallet, while 2,556 have at least two Trump NFTs. The 79 holders have about 45 Trump NFTs, which means they will at least receive an invitation to a Trump gala dinner in South Florida, according to the terms of service agreement at collecttrumpcards.com. Four holders hold 60 NFTs from the Trump collection, and seven wallets hold 100 Trump NFTs. There is also an owner with about 1000 Trump NFTs in his wallet.
Trump told the press last week that his NFT collection is not about making money, but more about art and a decorated waist. “Well, I didn’t know anything [the NFTs] and then a group came and I loved the art,” Trump said OAN. “You know, when you think about it, it’s kind of comic book art, but they showed me the art and I said, hey, 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 images are very beautiful [and] interesting.
As Trump digital trading cards hit the secondary sales markets, Opensea details a record sales volume of 7,720 ether or $9.2 million to date. Additionally, onchain tracking data via the Onchain Intrigue Telegram group shows that the wallet “Trump NFT admin” transferred 128 wrapped ether (WETH) worth more than $153,000 to six different Polygon wallets on December 28, 2022. Trump said the digital cards were expected to sell out in about six months, but sales have been faster.
“Wow, this is so sweet,” Trump said of his NFT collection before the sale. “It can sell, it can sell. They thought it would be sold in six months, but it was sold in six hours,” the former US president added.
What do you think of Trump’s “sorta favorite” NFT cards and their market performance since the launch of the 45,000 NFT collection? Let us know what you think about this topic in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons
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