The NFT collection of the ex-president of the United States, Donald Trump, had a considerable rise in sales immediately after his court appearance on April 4 in New York.
With the release of the first set of Trump digital trading cards in December, the value of these collectibles has significantly increased, with the last significant spike being witnessed ahead of his indictment.
The most recent court appearance of Donald Trump increased the number of transactions of his NFT collection, according to data made public by DappRadar. The collection transactions had recorded a 112% spike within 24 hours as of press time.
Although it is encouraging to notice an uptick in sales, it is essential to bear in mind that the total sales activity of the collection is still relatively modest compared to that of other top-trending groups.
What are Trump NFTs?
Non-Fungible Tokens (NFTs) with portraits of Donald Trump, the 45th President of the United States, were made available for purchase for $99 in December of the previous year. Participants had the opportunity to win VIP meet-and-greets with former United States President Donald Trump by participating in a promotion tied to the purchase of Trump Digital Trading Cards.
The collection was an instant hit with NFT fans. It was sold out nearly as soon as it was made available to the public. The fact that sales of NFTs surged following Trump’s appearance in court proves that consumers still demand them despite the uproar around Trump’s continuing legal difficulties.
Donald Trump is facing 34 counts of criminal fraud due to claims that he fabricated corporate paperwork. The Trump Organization, which administers the former president’s commercial transactions, is accused of submitting fake tax returns and presenting misleading financial information.
These allegations stem from the Trump Organization controlling the previous President’s business activities. Even though legal proceedings against Trump are still being pursued, his innocence is not being called into doubt.