The announcement of Trump’s arrest caused a spike in the floor price of the first Trump NFT collection earlier this month, but the new Series 2 release has caused the price of the first collection to decline.
Donald Trump’s Web3 ambitions aren’t going off despite his recent arrest. The release of “Series 2” of the former president’s NFT collection of Trump Digital Trading Cards was made public on Tuesday.
Trump announced the news on his social media platform Truth Social, informing followers that following “great success,” he is adding a second mint to the collection, which is now available to collectors.
In case you're still kicking yourself for passing on the Trump NFTs the first time around pic.twitter.com/wz83Sb6WTs
— Republican Accountability (@AccountableGOP) April 18, 2023
The artwork, rarity traits, and utility features will be different from the first collection, even though the tokens will continue to be developed on the Polygon network and remain at their initial mint price of $99 each. To begin with, Series 2 has 47,000 non-fungible tokens, which is 2,000 more than Series 1. This might be a sign of his ambition to become the 47th president and return to the White House.
No 10 tokens will have similar features, according to the Trump Digital Trading Card website. Instead of sweepstakes, collectors who buy 47 tokens may win dinner with Trump at his Florida property Mar-a-Lago. Collectors who use a cryptocurrency to purchase a total of 100 tokens will be eligible for a dinner with Trump as well as a one-of-a-kind piece of artwork themed after former president Trump.
BREAKING: Trump Digital Trading Cards are expanding and launching Series 2.
📉The S1 Trump Cards instantly did a cliff-dive on the news, down 44% to 0.22 ETH. pic.twitter.com/Px35VmcFFs
— TylerD 🧙♂️ (@Tyler_Did_It) April 18, 2023
Upon hearing about an upcoming collection, the floor price of the original collection on OpenSea’s secondary market dropped by over half, from approximately 0.4 ETH ($840) to 0.2 ETH (about $420).
In December, Donald launched his first NFT collection, which quickly sold out in hours. He made between $500,000 and $1 million from the collection, according to a recent report from the US Office of Government Ethics. The announcement of his arrest in April increased the value of the first collection on the secondary market.