Crypto news: updates on Trump’s NFTs

One more look at the latest news about the new NFT collection of Donald Trump, who recently announced his entry into the crypto world. 

The Trump Digital Trading Cards (TRUMP) were born almost as a joke and constitute a sudden jolt to the NFT world. 

The former President of the United States of America, who has always been a very divisive figure, beloved by his entourage and half of Americans and much criticized by the rest of Americans, has always positioned himself with distrust toward the crypto and NFT worlds even with strong statements in the past. 

For Trump, cryptocurrencies and NFTs were until recently a real threat to the dollar as the world’s reserve currency. 

Negative words also for Bitcoin, repeatedly labeled a scam, a Ponzi scheme by the histrionic entrepreneur lent to politics. 

Every cloud has a silver lining, and it was probably this tranchant attitude that made what happened with the NFT collection unbelievable. 

Trump steps into the crypto world: news and updates on the Trump Cards collection

In a move that displaced everyone, Donald Trump announced and put up for sale a collection of NFT Cards depicting him in a variety of even sympathetic ways, which soon sold out causing the price to skyrocket. 

The promotional campaign began Thursday, and the Trump Digital Trading Cards were announced directly from the politician’s Twitter account recently rehabilitated by fellow politician and new social owner Elon Musk. 

In the post, he announced that the digital collection minted on Polygon (Ethereum’s Layer 2) would be priced at $99 each and would be utility cards. 

Those who owned the lucky NFT drawn at random would be entitled to a dinner with former President Trump. 

In total there are 45,000 NFTs in the collectibles and they can only be purchased for a maximum of 100 units per purchaser. 

“Collect all your favorite Trump digital trading cards, just like a baseball card, but hopefully a lot more exciting. It would make a great Christmas present. Do not wait. They will go away, I think, very quickly!”

These were Donald Trump’s words to potential future collectors. 

Many other campaigns had featured the histrionic politician but this is the first and only one sponsored and made official by Trump himself. 

The initially skyrocketing price has been very volatile and today the lowest price was $149.58. 

The last day’s sales volume was 1117.31 Ethereum, an exorbitant figure for a new entry in the NFT world especially coming from a former detractor of the asset. 

Former US president’s NFT holders to date number 14674 for a total market capitalization of $7.5 million. 

The lowest price since launch to date has been $4 but no one has taken advantage so the minimum purchase price has been $120 but cards have also been sold for 505 ETH or $598,000 for a single NFT. 

The stunt has netted a stratospheric sum for Donald Trump and there are already those who are betting that Truth the former President’s social will soon open to crypto purchases and new NFT collections.