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Donald Trump’s NFT Collection Surge Back to Life, Trading Volume Tops $65M

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Victor Olanrewaju
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Key Takeaways
  • The floor prices of the Donald Trump NFT collection climbed to new heights over the weekend.
  • The trading volumes of Series 1 and 2 totaled 19,736 ETH, valued at approximately $65 million.
  • While the initial rally has subsided, today’s inauguration may impact the trend again.

Trump Digital Trading Cards, the NFT collection launched by incoming U.S. President Donald Trump, has exceeded a total trading volume of $65 million.

This surge in sales and volume comes ahead of Trump’s inauguration today, Jan. 20.

However, apart from that, the weekend frenzy that saw TRUMP launch a meme coin and his promises to the crypto sector seem to have influenced the rise.

Trump NFT Series Follows Inauguration Hype

Trump launched the Trump Digital Trading Cards in December 2022. The NFT collection features 45,000 items, each featuring the 45th U.S. president in different poses.

He, however, released a series 2 in April 2023. This time, it included 47,000 digital artworks, both of which were launched on the Polygon blockchain. Beyond these two, he also launched two other series, the fourth of which appeared on the Bitcoin network.

On Jan. 17, the average floor price of the Trump Digital Trading Cards Series 1 was 0.059 ETH. During that period, the NFT collection recorded 30 sales with a daily volume of  1.79 ETH.

By Jan. 18, sales had skyrocketed to 2,729, and the floor price had climbed to 0.27 ETH. That day’s volume coincided with the launch of the TRUMP memecoin was 746 ETH.

Trump NFT collection volume
Trump Digital Trading Cards Series 1 Volume| Credit: OpenSea 

On an all-time basis, the total trading volume of the Trump Digital Trading Cards Series 1, hit 16,978 ETH.

Interestingly, CCN findings reveal that Series 2 was also not left out. On Jan. 17, sales of the NFTs stood at 37, with a floor price of 0.022 ETH. Furthermore, the volume on the mentioned date was less than 1 ETH.

Fast-forward to the next day. Sales jumped to 5,197 at an average price of 0.071 ETH while the volume hit $371 ETH. Since its inception, the trading volume of the Trump NFT collection series 2 has now hit 2,758 ETH.

Donald Trump NFT volume
Trump Digital Trading Cards Series 2 | Credit: OpenSea 

Combined with Series 1, the volume has hit 19,736 ETH. At the cryptocurrency’s current value, this exceeds $65 million.

Prices and Volume Follow Memecoin Price Action – See Declines

It is, however, important to mention that the floor prices have decreased from those peaks.

As of this writing, Series 1’s volume has decreased by 60% in the last 24 hours, and Series 2’s has fallen by a similar percentage.

However, since the inauguration is today, the sales volume for the Trump NFT collection might pick up again. If that is the case, the floor price might rally to the heights it reached over the weekend.

In addition, the rise and fall of the NFT floor price and volume appear to align with the momentum displayed by the Official Trump memecoin (TRUMP).

According to CoinMarketCap , the TRUMP memecoin price rallied above $73 on Sunday, Jan. 19. But the value has dropped below $60 at press time.

However, if the memecoin value continues to rebound toward that peak, there is a chance that the NFT collection might follow in the same direction. At the same time, this could also depend on Trump’s inaugural speech later today.

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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Victor Olanrewaju

Victor is a reporter at CCN. Currently residing in Lagos, Nigeria, Victor focuses on writing news and providing readers with on-chain and technical analysis. Before he joined CCN, he worked as an analyst at BeInCrypto and AMBCrypto. He published several pieces at these outlets detailing investor behavior and analyzing price action across different cryptocurrencies. Victor holds a Bachelor's degree in Physics from the University of Ibadan. With his background, he finds it seamless to break down technical terms into simpler words while keeping readers engaged.
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