Back to the list

The price of Donald Trump's NFT Collection Has Fallen By More Than 70%

source-logo  cryptonews.net 26 December 2022 15:00, UTC
Anna Martynova

Donald TRUMP released his own collection of NFTs, the value of which increased six times in just three days of trading. By now, the excitement has passed and the situation has changed radically. According to the OpenSea platform, the price of non-fungible tokens with the image of Donald Trump has fallen by 72% in recent days.

Now, a collectible Trump NFT can be bought for as little as 0.23 Ethereum, which is roughly equal to $280. The changes affected not only the cost, but also the trading volume. According to CryptoSlam analysis, on December 17, this figure reached $3.5 million. Two days later, the trading volume did not exceed $836,000.

The number of sales also fell markedly. A week ago, more than 6,000 cards were sold, and on December 23 – only 260. Despite such indicators, the profitability of NFT is at least 182%, which is already a good result.

Image: MarketWatch