- Donald Trump NFTs seeing heavy fluctuation.
- The project saw its highest sales in December 2022.
Trump Digital Trading Cards started losing prominence recently as the NFT collection saw around 99% decline earlier this month. It looks like there’s still some interest left in the Trump-backed tokens as the sales volume jumped from $34,093 on January 17, 2023 to $306,298 the very next day, showing almost 900% increase in a day.
Trump NFT Collection Seeing Rising Floor Price
The 45,000 piece collection sold 44,000 Trump NFTs within a day. CryptoSlam data shows that the project has amassed over $11 Million since the release with 15,140 owners. The initiative registered the highest sales on December 17, 2022, collecting over $3.5 Million in a day. Unfortunately, it has failed to touch even a $1 Million mark in January 2023.
24 hours data shows that the volume has plunged by over 70% in the last 24 hours. According to the NFT Floor Price data, the collection’s floor price has risen to 0.348 ETH ($537), a 16% increase in a day. Trump announced during the launch that the holders will get a chance to win a gala dinner with him.
Recently, NBC news reported that his Twitter account was reinstated by the new CEO, Elon Musk. The social media account previously planned for a permanent ban on his handle. Moreover, his team is trying to relieve the former president’s Facebook account too.
Global NFT sales have declined by over 17% in the past 24 hours. Bored Ape Kennel Club (BAKC) remains the biggest loser among the top ten collections having lost almost 90% sales. Art Blocks, a generative art focused NFT project, was down by around 74%. While Otherdeeds, land NFTs associated with the Otherside metaverse, were slightly down, Bored Ape Yacht Club (BAYC) gained almost 20% in trading volume.
According to OpenSea, the biggest NFT marketplace, CryptoPunk remains the top NFT collection with trading volume of 1 Million ETH on the platform, followed by BAYC with 710K Ethereum. Yuga Labs, creators of Bored Apes, launched Dookey Dash, a game associated with the most popular NFT project. They announced that the users can access it using a Sewer Pass NFT. Crypto Slam data shows that the token holds top spot with over $11 Million sales in the last 24 hours.
The NFT market had a hard time last year as the sector lost over 90% value, primarily due to the crypto winter. Some experts believe that the cryptosphere may see some recovery. This may directly influence the non-fungible token space positively.
Disclaimer
The information provided in the article should not be taken as investment advice. Readers should do their own research before making any investments in the market.
Source: https://www.thecoinrepublic.com/2023/01/20/donald-trump-nft-collection-rises-by-almost-900-in-day/