- Donald Trump’s NFTs increased in price after releasing his mugshots.
- The NFT collections increased by 18.89 ETH ($31,429) and 9.88 ETH ($16,361), respectively.
Donald Trump’s NFTs saw a massive price increase. The former United States president has a lot of troubles on his hands currently. But after releasing his mugshots, the price of his NFT collections increased massively. Apparently, the former US president still has a large pool of supporters.
Donald Trump NFTs Surges After Mugshot
- Before we proceed to how the price of Donald Trump’s NFTs went up, let’s first throw more light on what led to the price increase. Apparently, Donald Trump is the former president of the United States.
- During the last elections in 2020, there were accusations of interference. Coupled with the riots that happened in Washington, DC, the former president remained a major target for indictment. After many years, an indictment happened, and he surrendered himself for arrest. But before then, Twitter (now X) suspended his account due to concerns about incitement of violence after the U.S. Capitol incident.
- But then, Elon Musk took over Twitter and started making radical decisions. One then was removing the ban on Donald Trump’s account. However, the former president refused to use the account for many months. But after his voluntary arrest, Trump had to take a mugshot. Apparently, the former president shared it on Twitter. Note that this was his first post since his account came back to live.
- To say that his post broke the internet will be an understatement. Apparently, the effect of his post didn’t only affect Twitter and the internet. Donald Trump’s NFTs surged to new levels due to the mugshot post.
Donald Trump’s NFTs Price Increase Massively
- Immediately, the mugshot hit the internet; it made the Donald Trump NFTs increase sporadically in value. According to Coingecko data, the former President’s collection Series 1 and 2 trading volume increased to new levels. Apparently, they increased by both 300% and 3,750% in the last 24 hours, respectively.
- Furthermore, the trading volume in numbers was 18.89 ETH ($31,429) and 9.88 ETH ($16,361), respectively. The Series 1 collection’s floor price and market capitalization rose to $313 and $14.07 million. On the other hand, the Series 2 collection saw its floor price and market cap climb to $50 and $2.3 million.
- Apparently, this new development shows how much power Donald Trump has over his NFT collections. Previously, the price of his NFT collections shot up after a grand jury indicted him.
Conclusion
Donald Trump was the 45th president of the United States. However, the former president now faces many problems due to accusations of interfering with the United States election in 2020. Nevertheless, the price of Donald Trump’s NFTs increased massively after the release of his mugshots. The price increased by 300% and 3,750%, respectively, in the last 24 hours. This is quite huge despite his legal challenges.
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Image by Freepik
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