Despite the time since launch and several indictments against Trump, the NFTs have served as a winning investment for those who minted or bought early.
Here’s a look at how much an investment in the Trump NFTs would be worth today.
What Happened: Trump announced the launch of an NFT collection called Trump Digital Trading Cards in December 2022. The NFTs came at a price point of $99 each and could be purchased with Ethereum ETH/USD or a credit card.
The collection sold out in less than a day and quickly became a top trending collection on NFT marketplace OpenSea.
Several major events around Trump’s life have impacted the price of the NFTs including an indictment and arrest of the former president earlier this year in March. News of Trump’s indictment sent the price of the NFTs higher.
In April 2023, Trump shared on social media that a second series of Trump Digital Trading Cards were launching. The series 2 collection also came with a price point of $99.
“I am pleased to inform you that, due to the great success of my previously launched Digital Trading Cards, we are doing it again. Series 2,” Trump said at the time.
The second series featured 47,000 NFTs, making reference to Trump vying to become the 47th president of the U.S. in the 2024 election. The first collection had 45,000 NFTs, a reference to Trump being the 45th president of the U.S.
Trump recently became the first president to face federal charges with counts related to the handling of classified documents at his Mar-a-Lago resort. The indictment and arrest did not impact the price action in the NFTs as much this time.
Trump pleaded not guilty to the federal charges and awaits an August court date related to the case. Future events such as Republican debates and the 2024 election could put the NFTs back in the spotlight once again.
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 in the collection.
Investing $1,000 in Donald Trump NFTs: With a price point of $99, a person could have purchased 10 Trump Digital Trading Cards at the time of mint.
Based on a current price of 0.125 ETH, or around $239.51, the investment would be worth $2,395.10 today. This represents a return of 139.5% in around six months’ time.
While the NFTs have fallen from a peak of around 0.84 ETH, the investment is still up. Investors who cashed out early saw gains of around 1,000%.
Time will tell if the NFTs hold their value, but six months after being minted the collection has held above the mint price and has seen continued demand from fans, collectors and investors.
The Trump Digital Trading Cards Series 2 have not held up as well since launching in April. The floor price on the second series is currently 0.0355 ETH, or around $68 each. Investors who minted the second series would be down around 32% on their investment.
With Trump running for president in the 2024 election, the NFTs could continue to be talked about during the campaign trail.
Photo: Trump NFTs, OpenSea