Trump NFTs Surge 250% Amid DeSantis Candidacy Suspension
The trading volume of Trump’s NFT collection increased by 250% following the suspension of Florida Governor Ron DeSantis’ presidential candidacy in place of supporting former US President Donald Trump’s reelection campaign.
Over the past day, Trump’s Series 1 collection has seen a phenomenal 248% spike in trade volume, hitting around $90,000. This information is based on data from CryptoSlam. On the other hand, during that same period, trade activity for his Series 2 collection and MugShot edition significantly decreased, ending at $1406 and $414, respectively.
According to CoinGecko data, throughout the reporting period, all of these collections’ floor prices decreased by an average of 4%.
DeSantis, a strong supporter of the cryptocurrency sector, declared in a video posted on X (formerly Twitter) on January 21 that he was withdrawing from the race for office in favor of Trump’s campaign. DeSantis gave in, saying, “It’s evident to me that the majority of Republican primary voters want to give Donald Trump another chance.”
Throughout his campaign, DeSantis voiced his fears about a regulatory crackdown on cryptocurrencies in the United States and firmly advocated for the rights of Bitcoin users.
The Governor of Florida is vehemently against the concept of Central Bank Digital Currency (CBDC). He led Florida’s ban on the national digital currency and pledged to “nix” the development of such currencies.
DeSantis shares the same perspective on CBDC as President Trump, who recently declared his opposition to the adoption of these currencies.
CEO of the crypto intelligence platform, Messari Ryan Selkis, stressed the need to surround Trump with people such as DeSantis and organize support for him in order to facilitate the future growth of the crypto business in the United States.
Also Read: Trump Vows to Block Central Bank Digital Currencies if Elected
