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The digital collectible cards known as NFTs, which showcase the likeness of former U.S. President Donald Trump, saw their prices surge after his arrest in Georgia.

Over the past week, the trading activity for Trump’s digital cards jumped remarkably by 177%. This surge reached its peak on August 25 at 24.1 ETH.

Additionally, the lowest price at which these cards are sold, known as the floor price, increased by 61%, now standing at 0.19 ETH.

What Led to Trump’s Arrest?

Trump was taken to jail in Atlanta because he’s accused of trying to do unlawful things to alter the outcome of the 2020 presidential election in Georgia. He denies any wrongdoing and calls it a “witch hunt.” Regardless of who is right or wrong, many people are now really interested in his digital cards.

Trump’s NFT Release and Arrest Stir Interest

Last December, Trump joined the NFT trend by launching 45,000 digital cards, depicting him in various roles, like a superhero or NASCAR driver. These cards were sold for $99 each but quickly gained higher values. Each card was registered on the blockchain, making it unique and unchangeable.

After his arrest, Trump turned to X, a social platform replacing his banned Twitter account. He shared his mugshot with captions like “ELECTION INTERFERENCE” and “NEVER SURRENDER,” along with a donation link. This post went viral, garnering over 1.1 million likes and 269,000 reposts.

Trump called his brief time in Fulton County jail a “terrible experience,” jokingly noting it wasn’t taught at the Wharton School of Finance. He was released in 20 minutes by posting a $200,000 bond. Nonetheless, he faces other charges that might lead to more time behind bars.

NFT Prices Spike After Trump’s Arrest

The value of NFTs has unexpectedly surged, but it’s uncertain if this increase will last or if it’s like a bubble that might burst quickly.

So, that’s the story. Trump gets arrested, and his digital cards become really popular. The internet is buzzing about it non-stop.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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