Donald Trump's Mugshot Sparks NFT Collection Surge and Political Conversations

Former US President Donald Trump has made a digital comeback on platform X, formerly known as Twitter, featuring a mugshot that has sparked a meme frenzy and propelled the value of his NFT collection. The release of an image linked to his legal case in Georgia, where he faces allegations related to the 2020 election, coincided with a surge in his NFT trading card collection's minimum price by over 62%.

Despite past skepticism about cryptocurrencies, it was revealed that Trump held over $2.8 million in an Ethereum wallet. His reentry into the digital scene aligns with President Biden's regulatory push for digital assets and has sparked conversations about crypto and politics, particularly in the upcoming 2024 election.

Ethereum $3,016.86

+0.21%

Donald Trump

Comments

All Comments

Recommended for you

VitalikButerin ·

Multidimensional gas pricing

In Ethereum, resources were up until recently limited, and priced, using a single resource called "gas". Gas is a measure of the amount of "computational effort" needed to process a given transaction or block. Gas merges together multiple types of "effort", most notably:
PermaDAO ·

AMA: AO and Artificial Intelligence

The article is divided into two sections: the main dialogue between the host and Sam, and the Q&A session where community users ask questions about AO.
PermaDAO ·

$HALO，World!

Everything you want to know about the $HALO token
Footprint_Data ·

Exploring Core Chain and Its Core Competency

This report examines Core Chain’s pivotal role in enhancing Bitcoin’s functionality, focusing on the core competencies of the Satoshi Plus Consensus mechanism, non-custodial BTC staking, and EVM compatibility.
MIIX Capital ·

MIIX Capital Crypto Weekly Report（0429-0505）：Bottoming Phase Completed, Inflation Concerns Persist

Crypto market saw decreased funding in April, signaling cautiousness among investors. Notable fundraises: Monad, Berachain, Auradine, Movement, Burnt.
PermaDAO ·

Arweave Weekly Highlights Week 18 | ao Test Network Sends Over 50 Million Messages, $AOCRED Surges Nearly 15 Times

Arweave's data from last week: The mainnet completed a total of 218,035,351 transactions, achieving 1.12 TiB of storage in a single week. This week, the storage cost is 0.748 AR/GiB, and there has been an increase of 659 on-chain addresses.
NFT sales on the Ethereum chain exceeded US$350 million in January, down 2% from December

According to the latest data from Cryptoslam, the sales of NFTs on the Ethereum blockchain in January reached about $356 million, a decrease of about $7 million from December, a decrease of about 2%. In addition, the transaction volume of NFTs on the Ethereum blockchain in January reached 929,000 transactions.
NFT sales on the Bitcoin chain exceeded US$335 million in January, setting the third highest single-month record to date

According to Cryptoslam data, as reported by Jinse Finance, the Bitcoin blockchain NFT sales in January 2024 exceeded $335 million, with a trading volume of nearly 250,000 transactions, including over 67,000 independent sellers and approximately 78,000 independent buyers. Historical data shows that January 2024 is the third-highest single-month record on the Bitcoin blockchain to date, surpassed only by the highest record of approximately $869 million set in December 2023 and the second-highest record of approximately $376 million in November 2023.
CoinGecko: NFT trading volume will drop by $14.5 billion month-on-month in 2023

According to a report by CoinGecko, NFT transaction volume in 2023 will be less than half of that in 2022, dropping from $26.3 billion to $11.8 billion, a decrease of $14.5 billion. The dashboard of Dune Analytics shows that the transaction volume of OpenSea, the leader in the NFT market, exceeded $2 billion for 9 consecutive months between 2021 and 2022, but shrank to about $170 million in December 2023. Rohan Handa, the NFT director of Mysten Labs, said that the decline in the field was caused by poor macroeconomic conditions and notable collapses, which weakened the public and investors' confidence in the unstable crypto industry.
NFT sales on the Bitcoin chain exceeded US$880 million in December 2023, setting the highest single-month record to date

According to CryptoSlam data, the Bitcoin blockchain's NFT sales in December 2023 reached a record high of $881,223,753.92, with 111,713 buyer addresses and 98,744 seller addresses, both setting new monthly records. As of now, the total NFT sales on the Bitcoin blockchain have reached $1.83 billion, making it the fourth largest blockchain for NFT sales, behind only Ethereum ($42.12 billion), Solana ($4.62 billion), and Ronin ($4.25 billion).