The Trump Digital Trading Cards, a collection of non-fungible tokens (NFTs) featuring artistic representations of Donald Trump, have seen a remarkable upswing in both value and trading activity following a week of notable events in the US political realm.
The increase in trading activity has been linked to two significant events: the public distribution of a mugshot featuring the former US president and his exclusive conversation with former Fox News anchor Tucker Carlson. On August 24, the mugshot of Donald Trump was widely circulated after he turned himself in at the Fulton County Sheriff’s office. This incident was connected to accusations of tampering with voter intentions during the 2020 Georgia election.
Remarkably, Donald Trump, who had refrained from posting on social media platform X (formerly Twitter) since his ban in January 2021, made a reappearance on August 25 by sharing his own mugshot.
The Trump Digital Trading Cards were initially launched on the Polygon chain in December 2022, sparking enthusiasm within the NFT community. Despite a subsequent period of reduced interest coinciding with a downturn in the NFT market, the trading cards have experienced a resurgence. In the past week alone, trading volume surged by over 160%, reaching a peak daily trading volume of 24.1 ETH on August 25 – the highest since May 4.
Moreover, during the preceding week, there was a remarkable 155% upsurge in the quantity of Trump Digital Trading Cards sold, resulting in a cumulative count of 237 transactions. This sudden increase also exerted a notable influence on the base price of these digital trading cards, causing it to elevate by 52% within the identical time span. At the current moment, data from the NFT marketplace OpenSea indicates that the lowest price for a token from this specific collection is set at 0.1797 ETH.