Key Takeaways
- The release of Donald Trump’s mugshot as an NFT led to a 40% surge in The Trump Digital Trading Cards, reflecting continued interest in the former president.
- The Trump NFT collection’s market cap rose by 39.2%, reaching 8,685 ETH, with an increased floor price of $318.18.
- Trump faced criminal charges related to overturning the 2020 election results, highlighting the intersection of politics and NFTs. He also earned millions from his NFT collection.
NFT collections are one of the most eminent crypto space items in the world. Today, another NFT has made it to the hype, but the question is which one? Well, Donald Trump has released his mugshot in the NFT market. Let’s find out what the hype is about and more.
NFT Collection
The Trump Digital Trading Cards are a much-anticipated hype in the NFT world. With the release of this mugshot of Donald Trump, there has been a 40% increase in The Trump Digital Trading Cards. Although somewhat surreal, it is interesting to see how individuals are interested in Donald Trump and his actions after all this time.
The Trump NFT collection is currently at 8,685 ETH in terms of market cap, which is 39.2% higher than previous records. The floor price, too, has seen an increase and is currently at $318.18.
What led to the Mug Shot?
Donald Trump has recently surrendered to authorities in Georgia, and currently, he is facing charges related to his efforts to overturn the 2020 election results. His fingerprints and mugshot were taken at the Fulton County jail.
But were the charges limited to one? Not really; apparently, he had a dozen charges, all stemming from his efforts to reverse Georgia’s 2020 election results. Interestingly, this is the fourth time this year that the former president has faced criminal charges.
At the Fulton Jail, Trump spent a little more than 20 minutes when he was processed and later released on bond. His mug shot was then soon released after he left the jail. As always, Trump denounced the charges against him as politically motivated, but this still did not shake the remarkable and unprecedented scene of a former president facing criminal indictment. It is also important to remember that he is also a leading GOP candidate for the White House in 2024.
Donal Trump Returns to X
Following this fiasco, the former prescient returned to X (formerly Twitter). This was his first time posting since his suspension in January 2021. In his tweet, he used his booking photo to promote his 2024 reelection campaign and encouraged donations.
Last December, Trump had unveiled a collection of 45,000 fantasy cards, each priced at $99. These cards showcase an imagery of him in a fashion reminiscent of collectible baseball cards. As of Friday, the collection boasts more than 13,900 distinct holders.
Despite the fluctuations in the NFT collection’s value, it is interesting to note that there has been a 40% spike following the release of his mugshot. The former president, all in all, is pretty involved in the cryptocurrency market and, in fact, holds substantial holdings and earnings. As a matter of fact, he has earned $2.8 million in his cryptocurrency wallet and $4.87 million from licensing fees related to the Trump NFT collection.
This is indeed an interesting update in terms of NFT collections. All in all, it is also a political imagery of the direction that users are moving forward. However, it is not the sole pointer of what’s going to play in the future. Only time will unveil what the cards are holding.
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