Following the apprehension of former United States President Donald Trump, the demand for NFTs from his collection surged by a staggering 450%.
As charges were presented, the figure grew even more, reaching a 500% increase.
As per the data from the cryptocurrency platform CryptoSlam, the Trump Digital Trading Cards collection tokens’ trading volume over the last 24 hours accounted for almost $70,000, marking a 450% rise from the previous day.
On March 31, when Trump faced indictment, the growth peaked at almost 500%, albeit with a lower volume of approximately $50,000.
Currently, the minimum price for the collection tokens stands at $750, while the NFTs are typically traded at an average price of $900.
Trump was taken into custody during his visit to the Manhattan District Attorney’s office, marking the first instance of a politician serving as President of the United States getting arrested.
The arrest stems from his payment to porn star Stormy Daniels for her silence regarding their affair.
Given the hype surrounding the Donald Trump case, it seems that Americans’ fascination with the incident will last a long time, resulting in continued growth in trading volumes and the price of the NFT Trump Digital Trading Cards collection.
It’s worth noting that in December last year, Donald Trump launched his collection of 45,000 non-fungible tokens, which were sold out within hours for a total trading volume of $3.53 million.
The images in the collection showcase Trump in various scenarios, attires, and more.