SOLD OUT! Donald Trump’s NFT collection's price doubles after all cards sell out in a day
SAN FRANCISCO, CALIFORNIA: Former President Donald Trump's non-fungible token (NFT) digital trading card collection sold out in a day early Friday, soon after its initial release. The value of the collection escalated as it is now double the original price.
Trump's collection that contained 45,000 NFTs was all sold as of 1.30 pm on December 16. The NFTs featured him in characters ranging from an astronaut to a superhero. At a volume of 1,448 ETH, the trade of the collection for an equivalent of $1.73 million was conducted, according to NFT marketplace OpenSea.
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After the collection was released on December 15, at least one token was minted by 12,874 people. “MAJOR ANNOUNCEMENT! My official Donald Trump Digital Trading Card collection is here!” Trump wrote on his platform Truth Social on the day of its release.
45 of the digital coins were minted by at least 115 customers which is the minimum that guarantees a ticket to dine with the 45th President while 100 coins were minted by 17 people which is considered the maximum, according to Dune Analytics.
Trump holding a torch and standing in front of the Statue of Liberty was one of the rare trading cards in the collection that is currently listed at 20 ETH, or about $24,000. From the $99 mint price on the day of release, the floor price of the collection stood at around $220, according to coindesk.com
The royalty payment receiving wallet called Gnosis Safe multi-signature wallet that takes payments from the NFTs secondary sales currently holds 1,000 NFTs including many one-of-ones.
The announcement of the digital coins was widely criticized and mocked yet the trade scaled up with all the digital coins sold under 12 hours. The 'collect trump cards' website wrote "Each Digital Trading Card (NFT) is not only a rare collectible, it automatically enters you into a sweepstakes for a chance to win 1000’s of incredible prizes and meet the one and only #45! There's no purchase necessary to enter!"
With every digital collectible people buy, they are promised a prize which includes a chance to go golfing at one of Trump's golf courses, a one-on-one Zoom meeting with the former president, autographed memorabilia, and many more, according to Trump's announcement.