The ex-president of the United States, Donald Trump, had a significant increase in sales of his NFT collection shortly following his court appearance on April 4 in New York.
The value of these collectables has significantly surged since the release of the first set of Trump digital trading cards in December, with the most recent spike occurring just prior to his indictment.
According to publicly available statistics from DappRadar, Donald Trump’s most recent court appearance increased the volume of transactions for his NFT collection. As of press time, the collection transactions had increased by 112% within twenty-four hours.
Although it is great to observe an increase in sales, it is important to keep in mind that the collection’s total sales activity is still low in comparison to other top-trending groups.
What are Trump NFTs?
In December 2022, $99 Non-Fungible Tokens (NFTs) featuring portraits of Donald Trump, the 45th President of the United States, were made accessible for purchase. A promotion related to the purchase of Trump Digital Trading Cards offered participants the opportunity to win VIP meet-and-greets with former U.S. President Donald Trump.
The collection was an immediate hit among NFT enthusiasts. It sold out pretty quickly after becoming accessible to the public. The fact that sales of NFTs increased after Trump’s court appearance demonstrates that consumers still demand them despite the controversy surrounding Trump’s ongoing legal challenges.
Donald Trump faces 34 counts of criminal fraud related to allegations that he forged corporate paperwork. The Trump Organization, which administers the former president’s business transactions, is accused of filing fraudulent tax returns and providing inaccurate financial information.
These charges stem from the Trump Organization’s alleged control over the former president’s business operations. Even though Trump is still the subject of legal procedures, his innocence is not being questioned.