Former President Donald Trump’s non-fungible token (NFT) series has experienced a substantial surge in value subsequent to his apprehension in Atlanta, Georgia.
Trump voluntarily surrendered himself at the Fulton County jail in response to allegations suggesting his involvement in a conspiracy to overturn the outcomes of the 2020 presidential election within Georgia.
Subsequent to his detainment and his subsequent upload of a mugshot to his profile on the social media platform X, marking his first posting since January 2021, the prices of his NFT compilation witnessed a considerable escalation.
Data procured from the NFT marketplace OpenSea reveals that the baseline price of the Trump Digital Trading Card assemblage exhibited a leap from 0.13 Ethereum (ETH), equivalent to $213, to 0.22 ETH, equating to $361, on the 24th of August.
In response to this trend, crypto journalist Colin Wu remarked,
“In the aftermath of the apprehension of the former President of the United States, Mr. Trump, the transactional volume linked to the Trump Digital Trading Cards, his personal compilation of NFTs, demonstrated a 177% rise over the last week, settling at 37.93 ETH. A notable pinnacle of 24.1 ETH was reached on August 25th, marking the highest point since May 4th. The foundational price also underwent a significant surge of 61%, stabilizing at 0.19 ETH.”
As of the current moment, the foundational price for Trump’s NFT assemblage stands at 0.175 ETH, equivalent to $287.84.
According to a financial disclosure submission to the Office of Government Ethics, Trump retains ownership of a cryptocurrency wallet that houses assets valued within the range of $250,001 to $500,000.
The aforementioned wallet is labeled in the documentation as “(Ethereum),” although it remains ambiguous whether his holdings are denominated in ETH, other ERC-20 tokens, and/or alternative digital assets such as non-fungible tokens (NFTs).
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.