As value of his digital trading cards plummets, Trump says his ‘cute’ NFTs were about art

After peaking at 0.79 ether on Dec. 17, 2022, the value of Donald Trump’s non-fungible tokens (NFTs) has dropped significantly over the past 12 days. On December 29, 2022, Trump’s NFT collection has a low value of 0.15 ether, which is about 81% lower than the low value recorded last week.

The value of Trump’s digital collectibles has plummeted since launch, after looking at the artwork.

The 45th president of the United States, Donald Trump, recently released 45,000 non-fungible tokens (NFTs). During the first day of the sale, each NFT was sold for $99 each. Trump’s NFTs began trading on the secondary NFT markets on December 15, 2022, and had a floor value of approximately 0.1 ether, or about $125 for the cheapest Trump NFTs. Two days later, Trump’s NFTs skyrocketed in value after being mocked by a large number of political commentators.

On the same day, December 17, 2022, Trump’s NFT floor price jumped to an all-time high of about 0.79 ether, or about $940 per unit, according to statistics from the leading NFT marketplace, Opensea. Since then, however, Trump’s NFT collection has seen its price bottom out at as low as 0.15 ether ($180), 8.54 percent below the lows recorded 24 hours ago. Metrics indicate that as of December 29, 2022, 9% or 3,864 Trump NFTs are listed on Opensea, and in total, there are approximately 15,083 unique owners of NFT cards.

9,801 of these unique owners hold only one Trump NFT in their portfolio, while 2,556 hold at least two Trump NFTs. 79 owners hold approximately 45 Trump NFTs, which means they will receive an invitation to the Trump gala dinner in South Florida, at least according to the terms of the Trump card agreement. Four owners hold 60 NFTs from the Trump collection and seven wallets contain 100 Trump NFTs. There is also one owner who has approximately 1,000 Trump NFTs in his wallet.

Trump says his Superhero NFT sale was about the art, not money: “I loved the art .. it’s sort of comic book art .. I heard somebody said it was the investment of the year. I didn’t view it as investment. I thought they were cute. These visions are very beautiful & interesting.” pic.twitter.com/yGdDGtu01f

– Ron Filipkowski 🇺🇦 (@RonFilipkowski) December 24, 2022

Last week, Trump told the press that his NFT collection was not about making money, but rather about being an artist and keeping his figure. “Well, I didn’t know anything about NFTs and then a group came along, and I liked the art“, Trump told the press last week. “You know, it’s kind of cartoonish when you think about it, but they showed me the drawing and I said, gee, I always wanted to be 30 inches tall“. The former U.S. president added:

I heard someone say once that it was the investment of the year. I didn’t think of it as an investment. I thought they were cute. These visions are very beautiful and interesting.

Since the Trump digital trading cards entered secondary sales markets, Opensea details that 7,720 ethers, or $9.2 million in sales volume, have been recorded to date. Additionally, onchain tracking data via the Telegram group “Onchain Intrigue“show that the wallet”Trump NFT admin“moved 128 wrapped ethers (WETH) worth more than $153,000 to six different Polygon wallets on December 28, 2022. Trump said the digital cards were to be sold in about six months, but the sale turned out to be much faster.

“Wow, that’s pretty sweet“, Trump said of his own NFT collection before the sale. “It could sell, it could sell. They thought it would sell in six months, it sold in six hours“, added the former American president.