- Donald Trump’s NFT collection experienced a surge in sales after his recent court appearance.
- The overall sales activity of the collection is still relatively low compared to other top-trending collections.
- Trump and his organization are facing allegations of criminal fraud.
After his court appearance on Tuesday in New York City, former U.S. President Donald Trump’s NFT collection saw a significant increase in sales. In December, a set of Trump digital trading cards was created, and since then, their value has skyrocketed. The collection has had some modest success in the NFT market, but only recently.
Data released by OpenSea reveals that Donald Trump’s NFT collection experienced a surge in sales after his recent court appearance. Within just one hour, the sales rate for the collection increased by a staggering 462%, with a further 47 sales occurring over the next six hours.
While it is heartening to see an increase in sales, it is essential to keep in mind that the overall sales activity of the collection is still relatively low compared to that of other top-trending collections. Concurrently, customers bought 1,286 editions of the Nakamigos series, which has been great for a considerable time.
In December last year, Non-Fungible Tokens (NFTs) containing pictures of the former President of the United States, Donald Trump, were made available for $99. A promotion connected to the acquisition of Trump Digital Trading Cards allowed participants to win VIP meet-and-greets with the ex-president of the United States.
The collection was an immediate success with NFT fans and sold out almost as fast as it was released. The fact that sales of NFTs increased after Trump’s appearance in court proves that there is still consumer demand for them, despite the commotion surrounding Trump’s ongoing legal problems.
Trump Pleads Not Guilty to Felony Criminal Charges
As a result of allegations that he forged corporation documents, Donald Trump is facing 34 charges of criminal fraud. The allegations that were brought against the former President have been refuted by him.
The Trump Organization, which manages the former President’s commercial dealings, is accused of filing fraudulent tax returns and providing misleading financial information. Although the legal actions against Trump are ongoing, his innocence is not being questioned.
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