Trump’s NFT sales jump 462% after court appearance
Donald Trump’s non-fungible token (NFT) collection saw a 462 percent surge in sales in the hour after the 45th US president appeared in court in New York City, Tuesday.
According to the secondary marketplace OpenSea, Trump Digital Trading Card holders collectively sold 30 tokens an hour after Trump’s court appearance, which represents a 462 percent increase. The holders sold 47 tokens over six hours.
However, the sales were a relatively small amount of activity for the NFT space. A top trending collection, Nakamigos, had 1,286 sales in the same six-hour period.
Trump released his digital collectibles in December.
A $99 token featuring Trump’s likeness lets a buyer enter sweepstakes to earn exclusive experiences with him.
The collection was immediately sold out, and the price on the secondary market more than doubled. The floor price has remained constant at around 0.5 ether (ETH), or $930.
Trump was in Manhattan criminal court to be arraigned on 34 felony criminal charges of falsifying business records. He pleaded not guilty.