Trump’s Second NFT Collection Sells Out While Prices on First Collection Plunge
In the early hours of Wednesday morning, former U.S. President Donald Trump’s second series of non-fungible tokens (NFT) sold out after releasing to the public a day prior. The new collection features 47,000 tokens, which sold for $99 each, this time with limited one-of-one NFTs and autographed cards. Traders who purchased 47 tokens would be eligible for a dinner with Trump at his Mar-a-Lago estate in Florida. The second collection features art that closely resembles that from Trump’s NFT debut in December, which also sold out within a day of release. The first collection was a surprise success and its floor price quickly jumped in the 24 hours following the sale, with prices on secondary marketplace OpenSea reaching 0.19 ether (ETH), or about $230 – more than double the original price. Trading volume also crept up to 900 ETH, or $1.08 million, on the day following the sale. Recent filings also indicate that Trump made between $500,000 to $1 million from the NFT project via a licensing deal he inked with the collection’s creator.
NFTs | DeFi | News
