Cointime

Download App
iOS & Android

Donald Trump NFTs Experience Major Price Drop, Heading Towards Zero?

According to data compiled by OpenSea, a platform that monitors the market for non-fungible tokens (NFTs), the value of digital trading cards featuring Donald Trump has dropped by 72% in the past few days; after prices for the cards skyrocketed to nearly 350% upon launch.

The trading volume for Trump’s NFTs, which was developed on the Ethereum scaling network Polygon, reached its all-time high on December 17, according to data provided by CryptoSlam. At the time, the volume breached the $3.5 million mark. On the OpenSea website, sales of Trump digital trading cards have also decreased from a peak of 6,661 on December 17 to barely 529 on December 22 and 260 on December 23.

On Monday, however, the trading volume decreased by 57% to about $836,000 in ETH, with the average sale price falling close to $466. Currently, the NFTs have suffered a decline of 72% with each card now worth only 0.23 ETH or $280, as of December 24. 

Comments

All Comments

Recommended for you