Trading Volume of Donald Trump NFT’s Collection Plummets 99%

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In the past month, trading volume for former US President Donald Trump‘s initial batch of non-fungible tokens (NFTs) has plummeted by 99%.

These NFTs, known as Trump Digital Trading Cards, were first released in 2022 and consist of 45,000 unique tokens featuring the former president in various forms, including as a laser-eyed superhero.

However, in March 2023, the trading volume for these NFTs saw a sudden 440% increase following news of a 30-count indictment against Trump by the Grand Jury.

The media reported that Trump had earned up to $1 million from NFT sales, with $298,000 coming from licensing fees. In April 2023, Trump released his second NFT collection, containing 47,000 tokens on the Polygon blockchain featuring images of himself in different forms.

Then in December of that year, he unveiled a third series called MugShot, which showcased a personalized NFT collection featuring a photo of himself from prison.