Trump NFTs pump after indictment, Q1 trading volume hits $4.7B and more…

Oddly, following news of a New York Grand Jury voting to indict former president Donald Trump on March 30, the floor price for the officially licensed Trump Digital Trading Cards NFT project pumped.

According to data from OpenSea, NFT traders were seemingly spurred into action by the announcement, with the floor price moving from 0.46 Ether (ETH) or $835 at current prices, to as high as 0.6 ETH ($1090) on the same day.

Trump Digital Trading Cards floor price. Source: OpenSea

It is worth noting that when the project launched in December, it offered exclusive one-on-one experiences to certain NFT hodlers, such as private golf sessions, dinners and conversations with Trump.

Given the indictment news, it could potentially have an impact on the forty-fifth’s potential to deliver on such experiences. 

At the time of writing, the floor price has since dropped back to around the 0.51 range. The price still sits well above the initial mint price of $99 from December.

NFT sales hit $4.7B in Q1

According to a March 30 report from blockchain analytics platform DappRadar, there was a total of $4.7 billion worth of NFT trading volume in Q1, more than double that of the previous quarter.



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