After Trump’s indictment news broke price went almost close to its all-time high of $1,079.
Trump is the first sitting or past president of the U.S. to be indicted on criminal charges.
Despite Trump NFT trading cards having their worst-ever March, prices and trading activity have increased lately due to the indictment of former U.S. President Donald Trump by a New York grand jury.
According to NFT Price Floor, the price of the lowest listed NFT in the collection has increased by 24% during the last 24 hours, reaching $1,023. The floor price on Thursday night, just after Trump’s indictment news broke, went almost close to its all-time high of $1,079.
In addition, secondary trade volume has increased by 404% in the last 24 hours compared to the prior span, as reported by CryptoSlam. The website claims that Trump NFTs have made $184,000 in sales in the last 24 hours.
Wildly Fluctuating Sales Volume
Trump has reportedly been indicted on more than 30 charges related to fraudulent business operations, according to media sources. The allegations remain under wraps for the time being, but an indictment is anticipated to be unsealed in the coming days.
Moreover, Trump is the first sitting or past president of the United States to be indicted on criminal charges. Trump NFTs’ brief existence has been fraught with ups and downs, much like that of its celebrity politician and entrepreneur.
Trump NFTs, featuring Trump in different costumes and offering bonuses like a video conference with the ex-president, were initially issued at a price of $99 each. Polygon, an Ethereum scaling network, was used to create the 45 thousand NFTs.
Since its inception, monthly sales of Trump NFTs have fluctuated wildly: from almost $10 million in December to $2.6 million in January to $4 million in February to $2 million in March as of this writing. CryptoSlam reports that the sum of all trades using Trump NFTs has topped $18.6 million.