Donald Trump’s NFT collection, Trump Digital Trading Cards, has made waves once again, achieving a staggering total trading volume of over $65 million. This sudden resurgence comes just ahead of Trump’s inauguration today, January 20, and seems fueled by several factors, including a weekend frenzy over his new meme coin and promises to the crypto cryptocurrency community.
Trump NFT Series Rises with Inauguration Buzz
The Trump Digital Trading Cards debuted in December 2022, with the original collection featuring 45,000 digital items portraying the 45th U.S. president in various creative poses. The launch was later followed by a Series 2 in April 2023, expanding the offering with an additional 47,000 digital trading cards NFT, both built on the Polygon blockchain. Adding to the excitement, Trump introduced Series 4 on the Bitcoin network.
The floor prices and trading volumes of these NFT digital trading cards saw dramatic increases in recent days. On January 17, the floor price of Trump Digital Trading Cards Series 1 stood at 0.059 ETH, with just 30 sales and a modest daily volume of 1.79 ETH. By January 18, sales rocketed to 2,729, and the floor price climbed to 0.27 ETH. The same day also coincided with the launch of Trump’s meme coin, TRUMP, which drove Series 1’s daily trading volume to an incredible 746 ETH.
For Series 2, the story was no different. It recorded 37 sales at a floor price of 0.022 ETH on January 17, with a volume under 1 ETH. Fast-forward a day later, and sales soared to 5,197, with the average price hitting 0.071 ETH, pushing the daily trading volume to 371 ETH.
Combining Series 1 and Series 2, the total trading volume of Trump’s NFT company has surpassed 19,736 ETH, exceeding $65 million based on Ethereum’s current value.
Related: Trump Digital Card NFT
Prices and Volume: Peaks and Declines
Despite the meteoric rise, recent data suggests that floor prices and volumes have cooled off. As of now, Series 1 has seen a 60% drop in trading volume over the last 24 hours, with a similar decline for Series 2.
However, Trump’s inauguration later today might reignite interest in his NFT trading cards and digital trading cards NFT, potentially pushing sales and floor prices back to weekend highs.
Memecoin Momentum and Its Influence
Interestingly, the fluctuations in the NFT collection’s prices and trading volumes seem tied to the performance of the TRUMP meme coin. On January 19, the memecoin hit $73 but has since dipped below $60. If the crypto cryptocurrency value rebounds toward previous highs, it could further boost interest in Trump’s digital collectibles.
Trump’s actions today, especially his inaugural speech, may set the stage for another wave of excitement. For enthusiasts and collectors, this is a pivotal moment to watch. Whether you’re into NFT trading cards, new meme coins, or looking to invest in a growing NFT company, Trump’s digital trading cards NFT provide a unique entry into the world of blockchain-powered collectibles.
