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Interest in the original Trump NFT collectible has dropped sharply in the past month, with trading volume dropping by 99%. Despite former President Donald Trump’s growing interest in crypto and bitcoin, interest in the first digital trading card NFTs featuring cartoonish depictions of the 45th president has waned significantly.
According to data from OpenSea, not a single transaction was made for the collection last week; This is in stark contrast to his previous performance. The collection had initially achieved over $50 million in total transaction volume since its launch in December 2022.
By contrast, the broader NFT market has displayed relatively steady activity in recent months, albeit more muted compared to the boom in 2021. Ethereum-based NFT trading volumes reached $489 million in March; This shows continued interest in non-fungible tokens despite the decline in Trump NFTs.
The drop in interest coincides with Trump’s upcoming criminal trial, in which he is accused of falsifying business records to hide secret payments of money. As Trump prepares for another presidential run, the declining popularity of NFTs may reflect changing sentiments among collectors.
The second series of Trump’s digital trading cards have performed relatively better, with a 57% drop in trading volumes last month, but interest appears to have waned compared to its initial launch. A recent sale offered collectors the opportunity to win an invitation to dinner with Trump at Mar-a-Lago on May 8 as part of a gala event.
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