But they also saw huge demand from fans and collectors, despite the NFT market being highly volatile.
Here’s a look at how much an investment in the Trump NFTs would be worth today now that the 45th president has been indicted four times and faces multiple federal charges.
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.
They became a top trending collection on NFT marketplace OpenSea and sold out in less than a day.
Since then, several major events around Trump’s life impacted the price of the NFTs, including an indictment and arrest of the former president earlier this year in March, which sent the price of the NFTs higher.
In April, Trump shared on social media that a second series of Trump Digital Trading Cards was launching 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’s second indictment and arrest, due to his handling of classified documents at his Mar-a-Lago resort, did not impact the price action in the NFTs. He pleaded not guilty to the federal charges and awaits future court dates related to the case.
The third and fourth indictments against Trump came with charges related to the 2020 election.
Over the last seven days, OpenSea reports that volume in the Trump Digital Trading Cards was up 28%; sales rose 40%; and the floor price for the NFTs is up 8%.
It was previously reported that Trump earned between $100,001 and $1 million from CIC Digital, the company he partnered with on the first series.
Investing $1,000 in 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 0.1184 ETH, or around $211.75, the investment would be worth $2,117.50 today. This represents a return of 111.8% in around eight 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 eight months after being minted the collection has held above the mint price and has seen continued demand from fans, collectors and investors.
For comparison, the same $1,000 invested in the SPDR S&P 500 ETF Trust, which tracks the S&P 500 Index, would be worth $1,143.06 today. This represents a hypothetical return of 14.3% over the same time period, significantly trailing the return from the Trump NFTs.
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 0.0199 ETH, or around $35.56 each. Investors who minted the second series would be down around 64.4% on their investment.
With Trump running for president in the 2024 election, the NFTs could continue to be talked about during the campaign trail.
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