Interest in the original collection of Donald Trump’s digital trading card NFTs has experienced a significant downturn, with trading volume plunging by 99% in the past 30 days, according to data from OpenSea. This decline comes as the former U.S. President faces an impending criminal trial for alleged falsification of business records.
Launched in late 2022, the collection comprised 45,000 NFTs featuring caricatured depictions of the 45th president. Despite generating over $50 million in total trading volume since its inception, recent data from OpenSea indicate a notable decline in activity, with no transactions recorded in the past week.
While overall NFT trading volumes have maintained relative stability in recent months, with Ethereum-based NFT sales reaching $489 million in March, interest in the original Trump NFT collection has waned significantly. This trend coincides with the real estate tycoon’s legal troubles and his bid for the presidency in the upcoming election.
In contrast, the second series of Trump’s digital trading cards has seen comparatively better performance, albeit with a 57% decline in trading volumes over the past month. Notably, recent promotional drops have offered collectors the opportunity to win a dinner invitation with Trump at Mar-a-Lago, scheduled for May 8.
NFT INT LLC, the organization overseeing these NFT releases and promotional activities, has explicitly stated that it has no connection to Donald J. Trump, The Trump Organization, or CIC Digital LLC. According to the website, NFT INT LLC operates with a paid license from CIC Digital LLC, utilizing Trump’s likeness within the bounds of the license agreement.
While NFT INT LLC did not respond to requests for comment, public records indicate Trump’s previous association with CIC Digital LLC. Despite these developments, NFTs based on Trump’s likeness continue to be minted on the Polygon blockchain.