Trump's series 2 NFTs sell out, drive down prices for series 1

Kitco Media
By Ernest Hoffman
Published
Updated
Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

Editor noteGet all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here!

(Kitco News) - Donald Trump has released the second series of his non-fungible token (NFT) trading card collection ahead of the expected announcement that he will run for President again.

Trump featured the new collection in four posts on his Instagram account, which before this week had not been updated since January 2021. According to the CollectTrumpCards website, the collection is now sold out.

The website states, “Each Series 2 Trump Digital Trading Card has a unique pre-assigned rarity. Some will be one-of-ones (the only one in the world), while others will be limited,” with a maximum of 10 copies of each card.

The collection features Trump in a variety of poses and situations. In one image, the former President stands in outer space, arms crossed, looking on as a lion made of flames and wearing a ‘45’ crown plants its paw on the Northeastern United States. Another card features the reality star clad in full leather sitting astride a Trump-branded motorcycle while playing a 1950s-style electric guitar. Still another NFT depicts Trump dressed as George Washington in a recreation of the first President’s famous crossing of the Delaware River in a rowboat.

The second NFT series was priced at $99 per card, the same as the first series released on December 14, which also sold out very quickly.

“I could have raised the price MUCH HIGHER, & I believe it still would have sold well, with a lot more money coming to me, but I didn’t choose to do so,” Trump wrote on Instagram. “I WILL BE GIVEN NO ‘NICE GUY’ CREDIT?”

The release of series 2 has driven down the value of the December collection, which was trading at 0.40 ETH the day before the April 18 release before falling to its current floor price of 0.139 ETH, or $293, according to NFT Price Floor.

Series 1 saw a price surge following Trump’s indictment by a grand jury in New York on March 30, with sales volumes rising and floor prices hitting 0.55 ETH.

The previous low floor price of the first collection was 0.145 ETH, which it hit on January 6, 2022, the 1-year anniversary of the U.S. capitol “insurrection” that remains a very divisive event in U.S. politics – and hit a high of 0.675 ETH on February 13.

Kitco Media

Ernest Hoffman

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in Journalism from Concordia University. You can reach Ernest at 1-514-670-1339.

Mdi Earth Logo

Tags:

Share

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.