Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch
Since the introduction of the NFT Trading Cards associated with former U.S. President Donald Trump on Thursday, the value of the whole collection has surpassed $2.8 million. The price of these tokens has been steadily increasing since they were launched.
Donald Trump’s NFT Trading Cards
OpenSea, a prominent platform for trading NFTs, reported that the floor price for Trump’s NFTs was first set at 0.282 Ethereum early on Saturday morning. That comes to about $330 in total. However, they were first released for a paltry retail price of $99 per piece.
Read More: Former U.S. President Donald Trump Launches NFT Collection At $99
The pricing on Saturday shows a significant increase in value for Trump’s NFT trading cards since it was first published as part of what the former president referred to as a “big announcement” on his Truth Social account.
A 390% ROI In 3 Days
Currently, at the time of writing, the floor price of the NFTs are around 0.41 ETH, which equals to $485; an increase of 390% when compared to its launch price of $99.
Thus, one can conclude if all the 45 NFTs were bought for $4,500, the investment would today stand close to $22,000, in a matter of few days.
Read More: Donald Trump NFT Collection Sells Out In 24hrs
The NFTs were immediately sold out, and according to reports on Friday, their cost on the secondary market had nearly doubled.
Trump’s Official Comeback
Trump launched the NFT Trading Cards campaign following the formal announcement of his 2024 presidential campaign. Trump’s bid for reelection in 2020 was unsuccessful. He served as president of the United States from 2017 to 2021.
According to the site hosting these NFTs, the collection is minted on the Polygon blockchain, and a total of 45,000 NFTs will be created during the first run of the collection.
Read More: 5 Things You Should Know Before Buying Trump’s NFTs
Even though Trump has been made fun of for his NFT collection, the consistent climb in price may be enough to persuade the former president that his endeavor has been largely profitable thus far.
The post Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch appeared first on CoinGape.
Filed under: News - @ December 17, 2022 7:40 pm