Follow On Google News

Are Trump NFTs Back from Dead?

  • After the announcement of Trump's comeback on Twitter, TRUMP NFT collections floor price increased by 120% in the last 24 hrs.

  • Recent reports surfaced that Trump is making active plans to resume using his social media accounts on January 18. 

  • Donald Trump’s NFT collections were launched by NFT International LLC on December 15.


20 Jan 2023 By : COIN GABBAR
Are Trump NFTs Back

Last month, after the release of US President Donald Trump's NFTs, the trading volume of those collectibles dropped by 80% from their peak value. But recent reports reveal that Trump NFTs are back from the dead.

Reports reveal that the floor price of Donald Trump's NFTs has increased by more than 120% in the last 24 hours. In addition, the trading volumes of the NFTs also witnessed a spike of 800%.

The recent price increase coincided with the announcement of the former US president's intention to return to Twitter. Meanwhile, Twitter boss Elon Musk has already restored Donald Trump's Twitter account. 

However, reports surfaced that Trump is making active plans to resume using his social media accounts on January 18. His campaign team has even petitioned Facebook's parent company Meta to unblock his account ahead of the 2024 US elections.

As anticipated, the positive news has given a boost to the highly criticized Trump Digital Trading Cards (TRUMP). As per reports, the market cap of Trump's NFTs currently stands at 16,812 ETH ($25.6 Million).

Donal Trump’s NFT Collection

NFT International LLC introduced the 45,000 TRUMP NFT collection on December 15, with each NFT costing $99. The NFTs, which launched on the Polygon network, portray key moments in Trump's life and give some lucky owners the opportunity to meet the former President.

Although the company behind the collection claims that it is not owned, "managed, or controlled" by the former president. However, the utilization of the Trump image shows that the former president has some connection to the project.

Meanwhile, TRUMP is currently the largest NFT collection on the Polygon network by market value.

What are your thoughts on the resurgence of the former President's NFT collection? Please share your valuable thoughts in the comments section below.

Also read: What made Twitter Revenue Drop by 35% in Quarter 4?

WHAT'S YOUR OPINION?

EPNOC