Sales of Trump NFT Spike Up Following Historic Indictment

March was expected to be the least successful month for sales of Trump NFT trading cards, but a late-month surge associated with the arrest of the former US president Donald Trump by a New York grand jury has increased prices and trading activity surrounding the collection.

According to information from NFT Price Floor, the floor price, or the price of the cheapest-listed NFT in the collection, increased 24% on March 30 over the previous day to reach a current price of $1,023. The floor price on Thursday night dropped just short of surpassing the all-time high of $1,079 from February, which occurred shortly after the news of Trump’s indictment broke.

Additionally, on March 30, sales have increased significantly. According to CryptoSlam, secondary trading activity had increased by 404% over the last 24 hours compared to the previous day. The website records sales of Trump NFT for $184,000 over the previous day.

Indictment filed, charges not revealed yet

Trump has reportedly been charged with more than 30 charges related to deceptive business practices, according to the media. Although the indictment is presently under seal, the charges are anticipated to be revealed soon. Trump is the first American president, living or dead, to be charged with a crime.

Like its famous political and businessman namesake, Trump NFTs have experienced ups and downs throughout their brief existence.

The Trump NFTs, which featured Trump dressed in different costumes and came with extras like a video chat with the former president, were initially produced for $99 each. The 45,000 NFTs were created on the Polygon scaling network for Ethereum.

The initial reaction from the cryptocurrency community was largely one of disbelief, but when the project momentarily topped sales charts, it became more difficult to discount its viability, whether people were purchasing them out of love for Trump or irony.

Trump claimed that he only consented to the project because the art was “sort of cute,” showing that even he didn’t take it seriously.

Initial hiccups followed by a rise

The initial high was short-lived because of complaints about technical issues and dubious small print, and the price of Trump NFTs fell precipitously. A mocking mention on Saturday Night Live came alongside the initial peak of the hype.

As 2022 drew to a close, it was mostly bad news, with the Trump NFT daily trading volume falling 70 percent, then 98 percent from the peak. Post-mortem analyses declared Trump NFT mania a short-term fad, and some of the included perks—like the Zoom call with Trump—were being sold off by holders.

Then, the tide began to gently turn.

As the new year got underway, daily sales of Trump NFTs surged, and continued to rise over the next few weeks, as traders appeared to be placing bets on Trump returning to mainstream visibility. Amid the newly-revealed indictment, that may prove to have been a valuable wager for some buyers.

Since launch, monthly sales of Trump NFTs have been drastically uneven: nearly $10 million in December, crashing to $2.6 million in January, jumping to $4 million in February, and falling to $2 million so far in March as of this writing. Trump NFT total trading volume has exceeded $18.6 million, according to CryptoSlam.

Hate Trump but Love Crypto?

Even if you don’t like the previous U.S. president, you can still make money through the new meme coin Love Hate Inu.

Love Hate Inu (LHINU) is a ground-breaking meme currency with a dog theme that is gaining a lot of support from pollsters who are praising its creative use case. The first vote-to-earn (V2E) social media platform being developed by Love Hate Inu will let users make cryptocurrency by taking surveys on topics ranging from politics and economics to sports and popular culture. Additionally, you can cast your opinion on contentious issues like whether Donald Trump’s Twitter account should be reactivated.

Love Hate Inu can be a front-runner in this market, according to the team behind this sensational project, which thinks the meme coin sector of the cryptocurrency industry has development potential.

Therefore, if you despise former US President Donald Trump but adore cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP, as well as the potential that the underlying technology contains for the future of the world, what should you do? Through the V2E platform of Love Hate Inu, you will shortly be able to make your voice heard.

To be able to decide on issues, $LHINU token holders will have to stake their tokens. Following their decision, they will receive additional LHINU tokens in cryptocurrency, funded by the poll’s creator.

The more you stake, the more your voice will be heard

A user will receive more voting power in each poll the more tokens they stake and the longer the vesting time. The voting method is “built on blockchain technology, ensuring the process is fair, transparent, and secure,” claims the Love Hate Inu development team.

The platform’s developers will initially choose which polls are displayed there, but the idea is to rapidly give the community control by introducing a Vote Submission platform later in the year. Users of Love Hate Inu can post poll ideas through the decide Submission platform, and the community will then decide on which ones to feature on the site.

Pre-sale for Love Hate Inu surpasses the $2.2 million mark.

The LHINU preorder has raised over $2 million in just a little over two weeks, and the meme scene is already talking about it replacing Dogecoin (DOGE) or the Shiba Inu (SHIB).

In the final hour of Stage 3 of its eight-stage presale, the V2E meme currency has raised $2.2 million.

In the present presale phase, $LHINU costs $0.000095. In Stage 4 of the eight-stage advance, which will start on April 1, 2023, this will rise to $0.000105. To participate in one of the most talked-about meme currencies of the year, potential investors must act quickly.

In fact, $LHINU has been dubbed the true Dogecoin killer and the best cryptocurrency to invest in for 2023 by a YouTube analyst.

Shiba Inu Will Not Be More Useful Than Love Hate Inu.

With improved usefulness, Love Hate Inu has been dubbed the “new Shiba Inu.” Since opening an account on Twitter in February, the blockchain-based social media voting platform has gained a staggering 32.4K followers, demonstrating its rising appeal. While building the first V2E social media hub in the industry, Love Hate Inu has also been garnering recognition on other platforms.

The initiative already has 14,000 Telegram users and over 8,000 members in its Discord channel. As the cryptocurrency community grows more supportive of the initiative, it is anticipated that these numbers will keep rising in the upcoming weeks.

Purchasing $LHINU Is Quite Simple

The concept behind Love Hate Inu is straightforward: cast your vote for the issues that matter to you and earn rewards. The adage that the best ideas are frequently the simplest is true in reality.

Love Hate Inu can be purchased with ETH, BNB, or USDT (a Tether stablecoin).

The $LHINU token does not have a vesting time, so buyers will receive 100% of their investment prior to the public listing, which is an additional benefit for presale investors.

You would be wise to keep Love Hate Inu close at hand. You would be investing in the future of polling if you bought today before the next price rise.

You can Invest in Love Hate Inu now.

Related

• Trump NFTs Resurrected: 800% Daily Sales Increase
• Donald Trump Wades Into The World of NFTs
• Hate Trump, Love Crypto? Here’s How You Can Earn Crypto by Voting on Controversial Topics