Trump Digital Trading Cards Series 2: Sales Figures and Price Drops

According to reports, Donald Trump reported on the social media platform Truth Social that his newly launched NFT series Trump Digital Trading Cards Series 2 has sold out a total of 47000 digital trading cards, totaling $4.6 million. However, the floor prices of these transaction cards have significantly decreased, with OpenSea data showing that the floor prices of this series have dropped from 0.42945 ETH to 0.18 ETH in the past 24 hours. （AOL）

Donald Trump claims to earn $4.6 million from his new NFT

In recent news, former US President Donald Trump has reported on Truth Social, a social media platform affiliated with his organization, that the second series of his NFTs, the Trump Digital Trading Cards Series 2, has sold out. The total number of digital trading cards sold in this series amounts to 47,000, with total sales reaching $4.6 million. However, despite the initial hype surrounding the launch of this series, the prices of the trading cards have experienced a significant drop in the past 24 hours.

Background and Overview of Trump Digital Trading Cards Series 2

In January 2022, former President Trump launched the first series of his NFTs, the Trump Digital Trading Cards Series 1. This series included 1,000 unique digital trading cards featuring various moments from his presidency, such as his inauguration and meetings with foreign leaders. The series reportedly sold out within 24 hours, with individual cards selling for as much as 2.2 ETH, or approximately $7,400.
Following the success of the first series, Trump launched the second series of his NFTs, the Trump Digital Trading Cards Series 2. This series features 47,000 digital trading cards, each of which contains a unique image of Trump along with a quote that he has made during his political career.

Sales Figures of Trump Digital Trading Cards Series 2

According to reports, the second series of Trump’s NFTs has sold out within a few hours of its launch. The total number of digital trading cards sold in this series is 47,000, which amounts to a total sales figure of $4.6 million.
The popularity of Trump’s NFTs can be attributed to the former president’s large following in the United States and across the world. Additionally, the limited availability of these trading cards has created a sense of urgency among buyers, driving up the demand and price of the cards.

Price Drops of Trump Digital Trading Cards Series 2

Despite the initial success of the Trump Digital Trading Cards Series 2, the prices of these trading cards have experienced a significant drop in the past 24 hours. OpenSea data shows that the floor prices of this series have dropped from 0.42945 ETH to 0.18 ETH.
The reason for this price drop could be attributed to several factors. First, the oversaturation of the NFT market may have led to a decrease in demand for Trump’s digital trading cards. Second, the recent announcement of SEC Chairman Gary Gensler’s intentions to regulate the crypto industry may have also contributed to the price drop of the Trump NFTs.
Despite the recent price drop, Trump’s digital trading cards remain a popular choice among buyers who are interested in owning a piece of political memorabilia.

Conclusion

In conclusion, the second series of former President Donald Trump’s NFTs, the Trump Digital Trading Cards Series 2, has reportedly sold out within hours of its launch, with total sales reaching $4.6 million. However, the prices of the trading cards have experienced a significant drop in the past 24 hours. While the exact reasons for the price drop remain unknown, the popularity of these trading cards reflects the growing interest in NFTs and political memorabilia among buyers.

FAQs

Q. What is an NFT?
A. An NFT, or non-fungible token, is a digital asset that represents ownership of a unique item or creation, such as artwork or music.
Q. Why are people interested in buying NFTs?
A. NFTs have become a popular way for collectors to own unique pieces of digital art or other creations in a way that is secure and verifiable through blockchain technology.
Q. Can I buy Trump’s digital trading cards now that they have sold out?
A. Although the digital trading cards have sold out, they may still be available for purchase on secondary markets such as OpenSea or Rarible. However, buyers should exercise caution when purchasing NFTs, as they can be subject to volatility and scams.