Former US President Donald Trump’s NFT group is off to a rocky start, with its price going up and down over the weekend.

Donald Trump price The set of non-fungible tokens (NFT) has been extremely volatile, dropping over 50% in a 24-hour period starting Saturday, December 17, 2022. Based on OpenSea data, Donald Trump’s NFT peaked at a minimum price of 0.839 ETH (1 $182) on Saturday before falling to 0.295 ETH ($390), marking the first weekend with worrying volatility.

The turnout was shocking given that the former president’s NFT pool had just sold out two days earlier, on Thursday, December 15th, a few hours after it hit the market.

Former President Donald Trump #NFT The set sold out in less than 12 hours.

45,000 lots sold at $99 each for a total of $4.45 million. pic.twitter.com/zpTmn5CSIf

– Watcher.Guru (WatcherGuru) December 17, 2022

Fast forward to Saturday, and the batch of ostensibly digital trading cards peaked in the late afternoon before their value plummeted.

Furthermore, as of Sunday afternoon, the total volume of the Trump NFT pool is 5,924 ETH after recording a total number of sales of 21,479.

Best selling NFT on OpenSea He went for 37 ETH on Saturday, which translates to about $41,000 at current prices.

Donald Trump NFT Collection

The NFT of Donald Trump is a black and white image depicting Trump in a tuxedo while standing in front of a staircase. The group was dismissed asMajor announcementWritten by Trump, he revealed that it consisted of 45,000 cards with outlandish illustrations of the former president as an astronaut, cowboy, and race car driver.

The company behind Trump’s NFT suite is NFT INT, where card creators earn 10% of every NFT sale on the secondary markets.

When the announcement of the collection came, it was revealed that the black and white NFTs would be trading in an initial mint price of $99 per ticket and lottery prizes, including a one-on-one meeting with the former boss in Mar-A- Lago along with hand-signed keepsakes. The ad also promised that anyone who purchased 45 NFTs would get a ticket to a dinner with Trump in South Florida.

Data on OpenSea It shows that the NFT pool skyrocketed in trading volume upon its launch on Thursday, with 5,548 Ethereum trading for a total of over $6.5 million as of Sunday morning. Due to the massive popularity of the project, Trump’s NFT pool has secured a place on the OpenSea homepage as the most popular asset.

The controversial president’s NFTs have become a very trendy topic on late-night TV shows, including “Late Night with Seth Meyers“,”The Tonight Show Starring Jimmy FalloncAmy Kimmel Live,” And the “Late Night Show with Stephen Colbert. The latest addition to this list is NBC’s Saturday Night Live, during which he was opening partTrump and the group scoffed after the epic drop in prices.

Trump is applying for the 2024 presidency

It is worth noting that the NFT group is not associated with files Trump presidential campaign 2024 In any way. a Promotional site He confirmed this, saying it was “not political”.

The group’s sale comes a year later trump Swipe cryptocurrency During an interview with Fox Business, which made an ironic twist; Both NFTs and crypto are based on blockchain technology. In his criticisms at the time, Trump said, “I never liked it because I like having the dollar. I think the currency should be the dollar, so I’ve never been a big fan.”

I want a currency called “dollar”. I don’t want all those others. … I think it’s a very dangerous thing.”

Trump’s NFT wasn’t the only thing that got off to a rocky start. Recently, the former President of the United States announced his candidacy for the presidency in the upcoming 2024 elections. Despite his efforts to convince voters of the need to return him to the White House within two years, Trump witnessed a slow decline in support among Republican voters, which began about two years ago after his exit from the White House.

Remember when I said “This is the Republican Party of Donald Trump!” day of disobedience@tweet? Apparently not anymore.

Trump is in trouble: Republican support for his 2024 bid is in the midst of political and legal setbacks https://t.co/mt60GdS9Ws

– Adam Kinzinger #fella (@AdamKinzinger) December 13, 2022

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Trump’s tenure is, for the most part, associated with the January 6, 2021 insurrection, which has greatly reduced his voter support. Moreover, the disappointing midterm losses of several of his picks cost the Republicans Control of the Senate And he almost kept the House of Representatives in the hands of the Democrats.

Three weeks followed as frontrunner and frontrunner Trump publicized subsequent scandals of himself, starting with his dining actions with Kanye West, a white supremacist, and anti-Semitic rap star. Second, Trump suggested “End” parts of the US Constitution To file his presidential loss in 2020.

Donald Trump has also been on the receiving end of a string of shocking legal losses, including a conviction against his company, The Trump Organization, on tax fraud charges. Besides, he also struggled with the appointment of a special prosecutor to lead investigations into Trump’s removal of classified information from the White House and his involvement in the failed attempt to overturn his defeat in the 2020 election.

As a result, the once untouchable Republican power broker is now trailing his Republican opponent in the race for the nomination, Florida Governor Ron DeSantis.

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