Former US President Donald Trump’s non-fungible token (NFT) collection has seen a remarkable surge in sales, with a 462% increase in just one hour following his 34-count indictment on Tuesday afternoon.
According to OpenSea, a popular secondary marketplace, the Trump Digital Trading Card holders collectively sold 30 tokens within the past hour, and 47 in the past six hours.
To put this into perspective, one of the top trending collections, Nakamigos, had 1,286 sales in the same six-hour period.
Trump launched his series of digital collectibles last December, offering buyers an exclusive opportunity to earn experiences with him through sweepstakes for $99.
Some of these NFTs are quickly sold to other users, although their prices are significantly lower than when the first NFTs were introduced. The majority of individuals, according to OpenSea data, are selling NFT passes for a group Zoom video call with Trump.
The collection quickly sold out, and the price more than doubled on the secondary market. With the latest sales spike, it seems like the former president’s NFTs are still in high demand despite the legal controversy he faces.
As the world of NFTs continues to evolve and gain popularity, it seems that even political figures like Trump are finding ways to profit from this new market.
It remains to be seen how the latest legal developments will impact the sales of the Trump Digital Trading Cards in the future. However, for now, it seems that the allure of owning a unique piece of digital history is too strong for some collectors to resist.