CandleFocus
Rises and Risks: Analyzing the Boom in Prices of Donald Trump’s Trading Cards
2023-03-31
Author: Noah Davis
Donald Trump is facing a criminal indictment, and prices of his 'trading cards' have soared in recent days. Trump released his first deck of digital cards on his social platform on December 15, 2021 and it sold out almost instantly. According to data by NFT Price Floor, sales volume for the 'trading cards' stand at 99.952 ETH with 179 sales, with a floor price of 0.598 ETH. The price of the cards has increased by 1,096%, and now 13,963 unique owners possess them. The cards have a maximum supply of 45,000 with a stated ratio of 16.63%. It is speculated that Trump is being charged for reportedly paying money to an adult entertainment celebrity during his 2016 presidential campaign. A spokesperson for the Manhattan District Attorney's Office reported that Mr. Trump's attorney was contacted to coordinate his surrender for the indictment, but did not provide a date. Previous criminal charges against former and current associates suggest Trump could be guilty of an undisclosed felony. As the exact details of the indictment are to be revealed, these 'trading cards' carry a certain level of repercussions, which will cause the prices to either skyrocket or take a sharp nosedive. Assuming the charges are true, the NFT cards will become instant collectibles in the blockchain community as people will be eager to get their hands on something that only a few own. However, a certain sense of ethical violation will hang over the trading cards if Trump is found guilty.
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