{"id":370447,"date":"2023-01-20T00:36:25","date_gmt":"2023-01-20T05:36:25","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=370447"},"modified":"2023-01-20T00:36:25","modified_gmt":"2023-01-20T05:36:25","slug":"trump-nfts-resurrected-800-daily-sales-increase","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/trump-nfts-resurrected-800-daily-sales-increase","title":{"rendered":"Trump NFTs Resurrected: 800% Daily Sales Increase"},"content":{"rendered":"

Much of the ferocious volatility of the NFT market<\/a> has been condensed into the first five weeks of Donald Trump’s NFT collection’s existence: it was widely mocked but ultimately sold out, then prices and sales skyrocketed before abruptly plummeting. Sales have just started to soar once more.<\/p>\n

From Tuesday to Wednesday, the total daily sales volume for the official Trump Digital Trading Card collection increased by approximately 800%, going from about $34,000 on Tuesday to over $306,000 yesterday.<\/p>\n

Data from analytics platform CryptoSlam<\/a>, which shows continued progress with almost $241,000 in sales so far today, supports this. The site’s 24-hour trade volume increased by 1,900% at one point this morning in comparison to the prior reporting period.<\/p>\n

Day over day, more NFTs were sold, but the average sale price also increased. Tuesday saw 115 transactions in total, with an average sale price of $296 worth of ETH per NFT. But yesterday, the totals increased to 704 NFTs exchanged at an average price of $435 per. The average price of sales so far today is roughly $670.<\/p>\n

Data from NFT Floor Price<\/a> shows that the starting price has roughly doubled from $235 worth of ETH<\/a> at the beginning of Wednesday to $454 as of this writing. NFT Floor Price tracks the price of the cheapest-listed NFT for projects across prominent marketplaces. This morning, it reached $500 momentarily.<\/p>\n

Although there isn’t a clear explanation for the sudden increase in activity, some users on Crypto Twitter think it’s related to a rumor that the disgraced former US president is considering re-entering the world of mainstream social media. Because he encouraged the attacks on the U.S. Capitol Building on January 6, he was banned from Facebook and Twitter.<\/p>\n

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Trump trading card NFTs quietly up 2x overnight… I think the boomers still don't know how to use Polygon pic.twitter.com\/XtBsvaKfeI<\/a><\/p>\n

— \ud83e\uddd9\u200d\u2642\ufe0f (@sully_finance) January 19, 2023<\/a><\/p><\/blockquote>\n