The Trump Digital Trading Cards, a non-fungible token (NFT) collection featuring illustrations of Donald Trump, experienced a surge in price and trading volume following a week many would refer to as “eventful” in the US political landscape.
This spike in trading activity has been linked to the release of the former United States president’s mugshot and his interview with a former Fox News host, Tucker Carlson.
On Thursday, August 24, Donald Trump’s mugshot was taken and circulated after he turned himself in at the Fulton County Sheriff’s office as part of his criminal case in Georgia for allegedly trying to manipulate the will of voters in the 2020 election.
The former president, who has been inactive on X (formerly Twitter) after his ban in January 2021 and subsequent reinstatement by then CEO Elon Musk, posted – for the first time in more than two years – his own mugshot on Friday, August 25.
— Donald J. Trump (@realDonaldTrump) August 25, 2023
Trump Digital Trading Cards Spike 160% In Trading Volume
The Trump Digital Trading Cards – minted on the Polygon chain – were launched in December 2022, sparking excitement from the NFT community. However, there seemed to be waning interest in the non-fungible tokens, a testament to the plunging NFT market.
Interestingly, the trading cards appear to be back to life after surging by more than 160% in trading volume in the past week, as per data from NFT marketplace OpenSea. A daily trading volume of 24.1 ETH was recorded on August 25, the collection’s highest since May 4.
Meanwhile, there was also a substantial rise in the Trump Digital Trading Cards’ sales in the last week. According to THE OpenSea data, the number of sales surged by 155%, culminating in a total of 237 trades over the past seven days.
Additionally, there was an impact on the floor price of the digital trading cards, which jumped by 52% in the last week. As of this writing, the minimum price of a non-fungible token from this collection stands at 0.1797 ETH.
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