The Trump Digital Trading Cards, a collection of non-fungible tokens (NFTs) featuring illustrated depictions of Donald Trump, have experienced a significant upswing in both price and trading volume.
This surge has been attributed to a week filled with noteworthy events in the US political landscape.
The boost in trading activity is closely tied to two key developments: the release of Donald Trump’s mugshot and his interview with former Fox News host, Tucker Carlson.
The saga began on Thursday, August 24, when Donald Trump’s mugshot circulated after he turned himself in at the Fulton County Sheriff’s office as part of a criminal case in Georgia related to alleged attempts to manipulate the 2020 election.
Interestingly, the former president, who had been largely absent from X (formerly Twitter) due to a ban in January 2021 and subsequent reinstatement by then-CEO Elon Musk, made a surprising move.
On Friday, August 25, he posted his own mugshot on the platform, marking his first post in over two years.
The Trump Digital Trading Cards were initially launched on the Polygon chain in December 2022, generating enthusiasm within the NFT community. However, the collection seemed to lose traction, mirroring the overall decline in the NFT market.
Curiously, these trading cards have now regained their momentum, witnessing a remarkable surge of over 160% in trading volume within the past week, according to data from NFT marketplace OpenSea.
Notably, on August 25, a peak daily trading volume of 24.1 ETH was recorded, the highest since May 4.
Moreover, there has been a notable increase in sales of the Trump Digital Trading Cards over the past week. Data from OpenSea reveals a staggering 155% surge in the number of sales, totaling 237 trades within the last seven days.
This surge has also had an impact on the floor price of these digital trading cards, which experienced a 52% increase within the week.
As of the latest update, the minimum price for a non-fungible token from this collection stands at 0.1797 ETH.
Sophia Hernandez is an experienced crypto writer who has been writing about crypto and blockchain technology for 3 years. She has a deep understanding of the complexities of the crypto market and is skilled at breaking down these concepts into easy-to-understand language for readers.
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