The post Trump memecoin launches NFT collection up to number 4 in global volume  appeared on BitcoinEthereumNews.com.

While the TRUMP memecoin has stolen the headline since it launched late on Friday, the Donald Trump NFT collection also quietly posted a 400% surge throughout the day on Saturday. Crypto stakeholders were expecting regulatory clarity and more friendliness toward the industry. Nobody saw him launching a memecoin days before his inauguration.  According to reports, the incoming POTUS did not inform those in his circle of his plans to launch a memecoin. The token launch went live hours before the inaugural crypto ball hosted by Trump’s White House Czar, David Sacks.  Analysts calm talks of reward for NFT holders  Growing speculation that holders of Trump’s NFT cards could get allocations of the memecoin caused the collection’s floor price to surge over 400% today. The floor price surged as high as $1,000, making the trading cards one of the best-performing NFT projects in recent times. Trading activity of Trump NFT trading cards surged along with the memecoins. Source: MagicEden The NFTs were sold in multiple issues, with an average price of $99 per card. With today’s rally, some holders are up by as much as 13x their buying price on the NFTs.  Investors active in the space quickly highlighted that the same company that helped launch the NFT collections, CIC Digital, is also involved with the TRUMP memecoin.  However, it appears that NFT holders will not receive any automatic allocations or airdrops as outlined on the gettrumpmemes.com website.  The “meme cards” term that led holders to speculate about a potential allocation appears to be another term the project used to describe its tokens, not the previously held NFT cards.  UPDATE: Apparently they call the $TRUMP itself “meme cards” which is also in their terms & conditions. This makes an airdrop highly unlikely, since “card allocation” in this context means basically “tokenomics”,…

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Filed under: News - @ January 19, 2025 12:14 am