The first NFT collection of politician Donald Trump showed a sharp decrease in trading volume. In the last month, this indicator has decreased by 99%, according to the OpenSea marketplace.
The collection called Donald Trump Digital Trading Card was presented by the former US president in December 2022. Tokenized cards in the amount of 45,000 pieces depicted the politician's life and career in various forms.
Statistics show that, perhaps, as a result of the NFT collection, a trade will be held that did not exceed the mark of $50 million, however, over the past 30 days, almost all activity on this position has stopped. To begin with, there was no face-to-face meeting with Donald Trump's digital business card for the next 7 days.
A significant reduction in the mentioned indicator was also shown by the second NFT-collection of the politician called Mugshot Edition. Here, the indicator on the OpenSea site collapsed by 57% over the past month.
Part of the Web3 community believes that the reduction in trading operations involving these NFT collections is related to a criminal investigation against a politician. The hearing in this case is scheduled for April 15, 2024.
At issue is an alleged $130,000 payment by Michael Cohen, a legal assistant to then-presidential candidate Donald Trump, to adult film actress Stormy Daniels in the run-up to the 2016 election. She planned to give an interview about the relationship with the politician, but later abandoned the idea because of money, according to the indictment.
It is worth noting that the collections of Donald Trump non-fungible tokens are managed by NFT INT LLC. On the firm's website, the fact of connection with the politician is denied.
"Not owned, operated or controlled by Donald Trump, The Trump Organization, CIC Digital LLC or any of their representatives and affiliates", - stated on the official resource of NFT INT LLC.
