Donald Trump NFTs Rally Amid Rumors That He May Become a Speaker

• Donald Trump’s second NFT collection reacted favorably to speculations that the former president may become a speaker.
• Trump acknowledged that he had received requests to take over as speaker following Kevin McCarthy’s exit.
• The NFT collection has registered a 381% increase in sales in the last 24 hours.

Donald Trump’s second NFT collection saw a huge bump in sales activity after registering an over 381% increase in sales in the last 24 hours at the time of writing, according to data from CryptoSlam. The surge in sales came from a total of 42 transactions recorded during this period.

The recent spike comes amidst speculation that the former U.S. President may return as Speaker of the House of Representatives. In the first of its kind, former Speaker Kevin McCarthy was booted out in a joint alliance between Democrats and Republicans.

Since then, a number of speakers have suggested that former President Donald Trump take over as speaker. On his part, Trump hasn’t shied away from the speculations in recent statements.

In a press statement, Trump acknowledged that many people have reached out to him about the speaker role. However, Trump clarified that he is not interested in the role. He said, “All I can say is we will do whatever is best for the country, the Republican Party, and the people.”

The market reaction to the speculations led to increased activity around Trump’s NFT collections. The former president recently launched his second collection, “Trump Digital Trading Cards Series 2.” Just like the first collection launched last year, the collection features Trump in different poses and settings. 

Trump, who used to be a crypto critic, has seen remarkable success with his NFT collections. His first collection, launched in December 2022, was met favorably, selling 45,000 trading cards in under 12 hours.

At press time, data from CryptoSlam showed that the collection recorded $2,312 in sales in the past 24 hours, a 381% increase over previous periods. The transactions came from nine buyers, representing a 29% increase in 24 hours.

In total, the NFTs within the collection belong to 6,709 owners. Furthermore, the data showed that most of the holders are long-term holders, with an average hold of 132.58 days.