Trump Digital Trading Cards Fall 50% amid Mixed Social Media Reactions

UTC by Steve Muchoki · 2 min read
Trump Digital Trading Cards Fall 50% amid Mixed Social Media Reactions
Photo: CollectTrumpCards / Twitter

Trump had previously revealed through Truth Social that he was about to make a significant announcement, which came out to be the Trump Digital Trading Cards NFTs.

The hotly talked about Trump Digital Trading Cards (TRUMP), unveiled last week by former US President Donald J Trump, recorded high volatility during the weekend. According to market aggregate data from CoinGecko, the Trump Digital Trading Cards (TRUMP) price floor today is $357.62, with a 24-hour sales volume of approximately 1143.81 ETH. Interestingly, the TRUMP NFTs have a circulation of 45000 cards held by 15,627 unique owners.

Notably, the total market cap of TRUMP NFTs on Monday is $16,092,776.95. Despite recording an impressive start, the TRUMP NFTs’ floor price has declined approximately 50 percent in the past 24 hours.

Although Trump denied allegations of political fundraising for his 2024 presidential bid, the vibe is different across various social media platforms. Furthermore, the NFT market has been characterized by wash trading, among other illegal transactions.

The Biden administration can be described as hostile to the former President, who was accused of carrying government documents to his private offices. As such, the real estate icon intends to come back in the 2024 elections, as announced during the fourth quarter.

Trump Digital Trading Cards Get Mixed Reactions on Social Media

Trump had previously announced through Truth Social that he was about to make a major announcement, which came out to be the Trump Digital Trading Cards NFTs. The reception of TRUMP NFTs has been, however, overwhelming compared to other similar projects. Moreover, the Polygon network-based NFTs are ranked second by on-chain activity after MineablePunks (MPUNKS).

Nonetheless, TRUMP NFTs have a larger market capitalization and higher floor prices.

Last night’s episode of the comedy show, Saturday Night Live, opened with a skit from comedian James Austin Johnson.

“It seems like a scam – and in many ways it is – but we love the Trump cards ……. The best part is, each card comes with an automatic chance to win an exclusive mystery prize where you get to pick anything out of this nice box,” Johnson said

From one of the Twitter users, it has been revealed that Donald Trump minted a thousand of his own NFTs in his vault wallet. While accusing Trump of flawed system design in storing the NFTs, the Twitter user @NFTHerder practically warned users to stay away from the project.

“Looking further, we find that all metadata and artwork are centrally stored off-chain. People that have access to the domain/storage can change properties and artwork without being able to verify this on the blockchain,” @NFTHerder noted.

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Steve Muchoki

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