Cointime

Download App
iOS & Android

Polygon-Powered Trump Digital Trading Card NFTs Enjoy Huge Price Surge As Daily Sales Jump 800%

The non-fungible token (NFT) digital trading cards launched by former U.S. President Donald Trump have seen their price surge as daily sales jumped over 800%. Sales are skyrocketing as it appears Trump is getting ready to be active on major social media platforms Facebook and Twitter.

According to data from CryptoSlam, shortly after being launched Trump’s digital trading cards saw their sales volumes skyrocket to $3.5 million a day before dropping considerably to less than $30,000 per day less than a month later. The drop saw sales volumes trend down up until the last few days, when sales jumped 800%.

Data shows that on January 17, the digital collectibles saw a $34,000 trading volume, while on January 18 their trading volume surged 800% to $306,000. The large sales volume has seemingly been maintained since then. At one point, the NFTs had seen a 1,900% rise in 24-hour trading volume as prices grew.

The NFTs were originally priced at $99 each, with a total of 45,000 collectibles being minted on the Polygon ($MATIC) network, which is a Layer-2 scaling solution for Ethereum that provides users with faster transactions and lower costs as a parallel blockchain running alongside the main Ethereum network.

Comments

All Comments

Recommended for you