Donald Trump NFT sales from his second collection saw a surge of more than 350 percent in the last 24 hours, as reported by data from OpenSea. This spike in sales resulted in a total of 54 transactions during this period.
Reasons for the Rise of Donald Trump's NFTs
This sudden surge in Donald Trump NFT sales occurred when Rep. Kevin McCarthy (R-Calif.) was fired as Speaker of the United States House of Representatives, marking a historic event in American history.
Following this development, several members of the DPR have proposed the possibility of former President Donald Trump taking the position of Speaker of the DPR, quoted from Nasdaq.
In a press statement delivered in New York on Wednesday (4/10/2023), Trump addressed the issue, stating that many people had contacted him regarding the chairman's role.
“A lot of people have called me about the chairman. "All I can say is we will do whatever is best for the country and the Republican Party and the people," said Donald Trump.
The popularity of Donald Trump NFTs has been evident since the launch of the first collection by the company behind Trump Digital Trading Cards.
On its first day of launch in December, the company sold 45,000 trading cards in less than 12 hours.
Donald Trump's surge in NFT sales follows the previous success of his first collection, which saw a 300 percent increase in sales along with the launch of Melania Trump's NFT collection, entitled “The 1776 Collection.”
The newly introduced Series 2 continues the theme of the original collection, depicting Trump in a variety of larger-than-life settings.
Based on data from Coingecko, the sales volume of the Donald Trump collection, namely Collection Series 1 and 2, jumped around 300 percent and 3,750 percent in the last 24 hours. The value also increased to 18.89 ETH (US$31,429) and 9.88 ETH (US$16,361).
The base price of these NFTs increased drastically, the series 1 collection became US$313 with a market capitalization of US$14.07 million. Meanwhile, the value of the series 2 collection is US$50 with a capitalization of US$2.3 million, quoted from BlockchainMediaIndonesia.
Donald Trump's popular NFT artwork contains images of him decorated with a championship professional wrestling belt, as a hunter, and wearing firefighter gear.
According to a report from Bezinga Pro, at the time of writing, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were trading for US$27,686 and US$1,643 respectively.
