Donald Trump’s NFTs sold out in a day, doubled in value
Former President Donald Trump’s line of digital trading cards had sold out a day after their release with their value more than doubling, coin experts said Friday.
All 44,000 of the 45th president’s available NFTs — which depict the 76-year-old as a cartoon cowboy, a sheriff, race car driver and in other fantastical outfits — had sold for more than $4 million by 1:30 p.m. Friday, according to their promotional website.
The collection was trading at a volume of 1,448 ETH, the equivalent of $1.73 million as of 3 p.m. Friday, according to the NFT marketplace OpenSea.
The floor price of the haul stood at around $214, up from Thursday’s mint price of $99.
One rare version of the non-fungible tokens, featuring Trump holding a torch in front of the Statue of Liberty, was listed with a “floor value” of almost $24,000, according to coindesk.com.
In total, 45,000 of the digital cards were produced but only 44,000 were offered for sale online. At $99 each, the NFTs generated about $4.3 million in sales, according to the Wall Street Journal.
At least 115 customers bought 45 of the digital coins, the minimum number that guarantees an invitation to dinner with Trump, while 17 people bought at least 100, according to the outlet.
At least 12,874 people had minted 3.5 tokens after the collection was released Thursday in what Trump teased as a “MAJOR ANNOUNCEMENT,” according to Dune Analytics.
Minting is a process in which new unique digital assets are published on a blockchain that can be bought, sold or traded.
But not everybody was cheering for Trump’s latest money-making scheme Friday.
Mike DuHaime, a GOP strategist, called the former president’s new hustle an embarrassment.
“It just seems humiliating and beneath him to be hustling action figure trading cards of himself,” DuHaime told the Journal. “He was president and a billionaire celebrity real-estate developer, and now he’s selling pictures of himself for 100 bucks.”
Far-right personality Anthime Joseph Gionet, who pleaded guilty in connection with taking part in last year’s Capitol riot, wondered why he was doing time for a digital huckster.
“I can’t believe i’m going to jail for an nft salesman,” Gionet tweeted following the announcement.
Former Trump White House strategist Steve Bannon, a staunch defender of the 45th president, figuratively threw up his hands on his “War Room” podcast Thursday.
“I can’t do this anymore,” groused Bannon, who added that whichever Trump adviser counseled following through with the NFT line “oughta be fired today.”
