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.
The digital collectibles depict the former U.S. President as a superhero, as a cowboy, and in other roles. They were initially sold with a chance to win special perks, like access to a meet-and-greet with him.
Shortly after being launched, the prices of these NFTs surged to surpass $990, but after their original hyped dropped, their prices kept on plunging, at a time in which trading volumes fell 99% from their peak.
$NFT Floor Price’s data shows that sales volumes for the NFTs have grown by 31% over the last 25 hours, with the lowest sale being 0.562 $ETH and the highest one sitting at 1.7884 $ETH, or $946 for the lowest and $3,000 for the highest.
Trump has himself said that the $NFT art images are “sort of cute,” pointing to it as a reason to launch the collection.
The jump in sales volumes and prices seems to be related to the former U.S. President is getting ready for a 2024 presidential campaign, with the possibility of being active on both Facebook and Twitter in the near future.
Trump was banned from these platforms after the January 6 attack on the U.S. Capitol Building, but has since been reinstated on Twitter after the microblogging platform was acquired by Elon Musk, and a poll saw users vote for his return, and on Facebook and Instagram after a recent announcement from Meta confirmed his access has been restored.
cryptoglobe.com
