Former President Donald Trump’s NFT collection experienced an astounding surge of 1200% in sales shortly after his interview with Tucker Carlson.
What Happened: The spike in activity occurred simultaneously with the GOP presidential debate being held on Fox News.
Data from OpenSea revealed that within the past 24 hours, over 40 NFTs from Trump’s collection were sold, contributing to the exponential growth. Moreover, the floor price of the NFT skyrocketed by 30%, reaching a value of 0.137 Ethereum ETH/USD.
Trump’s Thoughts on the Debate: During the pre-taped interview, made available on X (formerly known as Twitter) shortly before the commencement of Wednesday night’s GOP debate, Trump expressed his rationale for not participating in the debate.
He cited the substantial lead shown in recent polls with margins ranging from 50 to 60 points. Trump “And some of them are at one and zero and two. And I’m saying, ‘Do I sit there for an hour or two hours, whatever it’s going to be and get harassed by people that shouldn’t even be running for president? Should I be doing that? And a network that isn’t particularly friendly, frankly," he said.
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Why It Matters: Certified financial disclosures for 2023, recently published online by the organization Citizens for Responsibility and Ethics in Washington (CREW), revealed details about Trump’s involvement in the world of cryptocurrency. The disclosures uncovered that Trump is reportedly in possession of up to $5 million worth of ETH, positioning him as an Ethereum whale.
The disclosures indicated that Trump earned $2.8 million from his ETH holdings alone. Additionally, through licensing fees associated with nonfungible token (NFT) collections featuring his image, Trump has reportedly earned over $4.8 million. This involvement in crypto-related ventures has resulted in a net profit of approximately $7.6 million for the former president.
On the first day of its launch, Dec. 16, 2022, the company behind Trump Digital Trading Cards sold 45,000 trading cards within just 12 hours.
Price Action: At the time of writing, ETH was trading at $1,673.76, down 2.46% in the last 24 hours, according to Benzinga Pro.
Photo by Koshiro K on Shutterstock
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