Former U.S. President Donald Trump’s official NFT trading cards were the talk of the crypto industry—not to mention much of Twitter and even late night TV—when they launched a couple of weeks ago, but the hype has since faded significantly.
Secondary market sales for the Trump Digital Trading Cards, which are minted on Ethereum scaling network Polygon, tallied just over $59,300 in total on Wednesday, per data from CryptoSlam. That’s a 98% drop from the peak sales day of over $3.5 million on December 17—and continues the steady slide in momentum and value for the NFTs.
Trump's collection is hardly dead, however. As of this writing, the former president's NFTs are the 69th best-selling project over the past 24 hours, according to CryptoSlam, with just over $44,000 in sales during that span. By contrast, top project the Bored Ape Yacht Club has notched over $2 million in sales over the past day.
Donald Trump Says He Launched NFTs for the 'Sort of Cute' Art
The secondary market premium on Trump NFTs is fading quickly, too. The NFTs originally sold for $99 apiece during the primary sale, and amid the hype around the project in the days after the initial mint, even an NFT with “common” artwork and traits commanded a sizable multiple of that. The floor price, or price of the cheapest listed Trump NFT on a marketplace, peaked at 0.84 ETH (about $990) on December 17.
Now, however, the floor price on top marketplace OpenSea is just 0.15 ETH, or about $180. Some of the NFTs have sold for as low as $131 apiece on the marketplace today.
Trump’s NFTs launched on December 15, with 44,000 of the Polygon NFTs offered to the public depicting the disgraced ex-president as a cowboy, astronaut, and more. Another 1,000 of the NFTs were kept by the project’s creators. Each $99 collectible served as a contest entry to win prizes and perks, such as dinner or a meet-and-greet with Trump.
The NFTs were widely mocked as a cash grab, and even criticized by some of Trump’s own supporters. Some of the artwork elements were apparently stolen from online apparel imagery, plus Trump’s team is alleged to have held onto a disproportionate amount of the rare NFTs in the collection. Some initial buyers complained of technical hitches, too.
Still, the buzz fueled secondary market demand for a few days thereafter, as some NFT “degen” traders saw an opportunity to profit from flipping the controversial assets. But the hype has been short-lived, with prices and trading volume crashing just days after the launch. And as sales data shows, the market isn’t getting any hungrier for Trump’s digital cards.
Trump, who was previously opposed to cryptocurrencies, said in a recent interview that the NFT artwork was “sort of cute,” and that he “didn’t view it as an investment.”
Trump’s initial NFT sale raked in over $4 million and sold out within 24 hours. All told, the project has generated about $9.8 million to date in secondary trading volume, with Trump’s team taking a 10% cut of sales made through marketplaces that honor creator royalties.
The Armored Multi-Purpose Vehicle will replace the aging M113 Armored Personnel Carrier.
The mid-range missile could help with mobile missile launches on complex battlefields.
The federally-controlled border mission continues in the shadow of a major investigation launched by U.S. Northern Command.
As new revelations about the falsehoods Rep.-elect George Santos (R-N.Y.) has told about his background continue to emerge, several peculiarities in the incoming congressman’s finances are facing heavy scrutiny — and could prove to be his greatest liability. Santos’s finances and financial disclosures are the subject of a federal investigation, reports revealed this week. “Given that much of Santos’s biography has apparently been fabricated,…
Deandre Ayton (Phoenix Suns) with an assist vs the Toronto Raptors, 12/30/2022
“We understand the frustration caused by the impact this has caused to your day-to-day life,” city officials said on Twitter.
Croatia on Sunday switched to the euro and entered Europe's passport-free zone — two major milestones for the country after joining the European Union nearly a decade ago.
In 2021, Time Magazine voted Elon Musk Person of the Year. 2022 belonged to Musk, the CEO or founder of at least five major companies: Tesla , SpaceX, Twitter, Neuralink and The Boring Company. No other person in the world has had as much influence as the billionaire last year.
The windfall elimination provision (WEP) reduces Social Security benefits for certain employees who may be double-dipping on a pension.
In this article, we will be taking a look at the 50 poorest countries in the world. To skip our detailed analysis, you can go directly to see the 10 poorest countries in the world. You might think that with the resources the world boasts right now, it is simply the proper usage of such […]
BRASILIA (Reuters) -Luiz Inacio Lula da Silva was sworn in as Brazil's president on Sunday, delivering a searing indictment of far-right former leader Jair Bolsonaro and vowing a drastic change of course to rescue a nation plagued with hunger, poverty and racism. In a speech to Congress after officially taking the reins of Latin America's biggest country, the leftist said democracy was the true winner of the October presidential vote, when he ousted Bolsonaro in the most fraught election for a generation. Bolsonaro, who left Brazil for the United States on Friday after refusing to concede defeat, rattled the cages of Brazil's young democracy with baseless claims of electoral weaknesses that birthed a violent movement of election deniers.
A batch of employment data and minutes from the Federal Reserve's last policy meeting of 2022 will headline a short opening week of 2023 as Wall Street limps into a new year after its worst run since the Global Financial Crisis.
Former President Donald Trump has had a wild 2022. He ended it with his annual New Year's Eve party at Mar-a-Lago. Who was there, and who wasn't?
Returns released by a House committee show provisions of the tax code that were used while Donald Trump was in the White House.
As the disease surges in China, UN health officials say they need to assess the risk to the global community.
(Bloomberg) — Luiz Inacio Lula da Silva retook the helm of Latin America’s largest democracy promising to bring back the economic inclusion and prosperity that marked his first two terms in Brazil’s highest office between 2003 and 2011. Most Read from BloombergElon Musk Becomes First Person Ever to Lose $200 BillionXi Warns of Tough Covid Fight With China Economy on Back FootProminent Texas Family Has $29 Million Embezzled by BookkeeperTesla Kicks Off New Year in China by Extending Incentive Of
Norwegian Cruise Line must pay $110 million in damages for use of a port that Cuba's government confiscated in 1960, a U.S. judge ruled on Friday, a milestone for Cuban-Americans seeking compensation for Cold-War era asset seizures. The decision by U.S. District Judge Beth Bloom in Miami follows her March ruling that the use of the Havana Cruise Port Terminal constituted trafficking in confiscated property owned by the plaintiff, Delaware-registered Havana Docks Corp. "Judgment is entered in favor of Plaintiff Havana Docks Corporation and against Norwegian Cruise Line Holdings, Ltd," reads the decision.
Russian forces will struggle to keep pace with its frontline operation as artillery ammunition stocks are running low and threaten to halt the country’s military campaign.
Ukrainian Defense Minister Oleksii Reznikov warned Russian citizens in a video address on Dec.
A U.S. military plane involved in a confrontation with Chinese aircraft in disputed southern waters last week had violated international law and put the safety of Chinese pilots at risk, a defence ministry spokesman said. The U.S. military said on Thursday that a Chinese Navy J-11 fighter jet had come within 10 feet (3 metres) of a U.S. air force RC-135 aircraft on Dec 21, forcing it to take evasive manoeuvres to avoid a collision. But Tian Junli, spokesman for China's Southern Theatre Command, said in a statement late on Saturday that the United States had misled the public about the incident near the disputed Paracel Islands in the South China Sea.
