"The NFT market is bland, but Trump's NFT is also active."
A few minutes after the trial of the former President of the United States (US) in the Manhattan court, the sale of his non-fungible token (NFT) collection, which is the Trump Digital Trading Card, managed to climb by 400%.
Donald Trump pleaded not guilty to all the charges against him involving the 2016 presidential election scandal.
In context, Trump is the first US president to face criminal charges for organizing a plan to influence the 2016 Presidential race through the method of "hush money"*.
*A reward is paid to someone to prevent them from disclosing embarrassing or defamatory information
Back to the description, the owner of Trump's Digital Trading Card sold 30 tokens in the first hour after Trump appeared in court, where he made a profit of over 450%.
Even so, the price increase is still not significant when compared to the NFT's launch in December last year when 45,000 units of the digital collection were completely sold out in just a few hours resulting in sales of $3.53 million.
While the sale of the NFT was reported to have reached $50,000 after the announcement that Trump had been impeached.
It can be explained here, Trump introduced the NFT trading Card campaign at a price of $99 per unit during the official announcement of the 2024 presidential campaign and it also offers various utilities such as lucky draws, Zoom calls together or playing golf with the former president.
Currently, the current price of the Trump Digital Trading Card remains unchanged at 0.5 Ethereum (ETH) worth $938.
