former President Donald Trump It made headlines in late 2022 when it revealed a non-fungible token store. The NFT was widely criticized, but also saw huge demand from fans and collectors.
Despite the time since launch and the many indictments against Trump, NFTs have served as a winning investment for those who mined or bought early.
Here’s a look at how much an investment in the Trump NFT would be worth today.
What happened: Trump announces launch of NFT collection trump digital trading card In December 2022. The NFTs come in at $99 each and can be purchased Ethereum ETH/USD or credit card.
The collection sold out in less than a day and quickly became a top trending collection on the NFT marketplace open sea,
NFT collection received criticism from the President Joe Biden and late night talk show host. The Trump digital trading card was also mocked on an episode of “Saturday Night Live”.
Several major events surrounding Trump’s life have affected the price of the NFT, including the indictment and arrest of the former president in March earlier this year. The news of Trump’s impeachment drove up the price of NFTs.
In April 2023, Trump shared on social media that a second series of Trump Digital Trading Cards was being launched. The Series 2 collection also came with a price tag of $99.
“I am happy to inform you that, due to the huge success of my previously launched digital trading card, we are doing it again. Series 2,’” Trump said at the time.
The second series consists of 47,000 NFTs, referencing Trump’s run to become the 47th President of the United States in the 2024 election. The first collection contained 45,000 NFTs, a reference to Trump being the 45th President of the United States.
Trump recently became the first sitting president to face federal charges related to his handling of classified documents at his Mar-a-Lago resort. The indictments and arrests haven’t had much of an effect on the price action in NFTs this time around.
Trump pleaded not guilty to the federal charges and awaits an August court date related to the case. Future events such as the Republican debates and the 2024 election could bring NFTs back into the spotlight.
It was previously reported that Trump earned between $100,001 and $1 million from CIC Digital, the company he partnered with on Trump Digital Trading Cards, for the first series of the collection.
Related link: Trump’s GOP lead rises after poll of Republican voters reveals federal charges
Invest $1,000 in Donald Trump NFTs: With a price point of $99, a person could purchase 10 Trump digital trading cards at the time of minting.
Based on the current price of 0.125 ETH, or approximately $239.51, the investment would be worth $2,395.10 today. This represents a return of 139.5% over a period of about six months.
While NFTs have declined from a peak of around 0.84 ETH, investment remains elevated. Investors who made early withdrawals made gains of almost 1,000%.
Time will tell if the NFTs keep their value, but six months after mintage the collection has been above mint value and has seen continued demand from fans, collectors and investors.
Trump Digital Trading Card Series 2 hasn’t fared well since it launched in April, The minimum price for the second chain is currently 0.0355 ETH, or approximately $68 each. Investors who made the second series would lose about 32% on their investment.
With Trump running for the presidency in the 2024 election, NFTs may continue to be discussed during the campaign.
Read Next: 2024 Election Betting Odds After Donald Trump’s Federal Impeachment, How Do Former Presidents Rank?
Photo: Trump NFT, OpenSea