NFTs
Trump Trading Card NFTs Soar After Assassination Attempt
The floor price — or the price of the cheapest NFT listed — for original Trump digital cards has skyrocketed following a failed assassination attempt on the former US president.
NFT collectibles on Ethereum sidechain network Polygon rose to 933 MATIC ($502), according to data collected from several NFT markets. The hype has since cooled down, with its floor price hovering around 762 MATIC ($410), NFT marketplace data Magical Eden show.
Just days earlier, those same NFTs were trading for roughly half that, at $228 each. The second series of Trump Digital Trading Cards also surged 20% to 163 MATIC ($233).
It follows a day after Donald Trump was outlet in the right ear by a 20-year-old gunman who was killed at the scene during a campaign rally in Pennsylvania on Saturday.
The cryptocurrency market came to life over the weekend after dramatic scenes from the rally unfolded and were subsequently shared online.
While Trump-inspired meme coins have seen a surge, the trading fervor has also spread to other industry verticals, including blockchain gambling platforms Polymarketwhere the chances of Trump taking the White House in November have increased to 70%.
The NFTs formally launched by the former president in December 2022 and April 2023 have seen mixed results since their launch.
Each card typically depicts Trump in various heroic, patriotic, or fantastical scenarios. At the time of its release, the first issue promised a number of perks, including a potential meet-and-greet with Trump.
The Series 2 set, whose NFT art includes Trump carrying a professional wrestling championship belt, sought to build on the success of the first series’ launch. In April last year, the first edition of Trump’s NFTs plummeted rapidly After the release of the second edition, the collection’s stock more than doubled.
The former president appealed to cryptocurrency holders on the campaign trail, accepting cryptocurrency donations in May after the signaling he is “good” with cryptocurrencies at a Mar-a-Lago event for holders of their NFT Collection.
While Trump NFTs surged in price over the weekend, they have yet to reach their all-time highs from early 2023, shortly after their launch. According to the NFT Price Floor, the first set of NFTs peaked at a minimum price of 1,100 MATIC in February 2023. In USD terms, the NFTs peaked at around $769 that same month.
Edited by Stacy Elliott.
Editor’s note: This story was corrected after publication to clarify that the first set of Trump NFTs did not hit a new all-time low price over the weekend. The recent spike fell short of the all-time high set in February 2023.