Since the launch of the NFT trading cards associated with former U.S. President Donald Trump on Thursday, the value of the entire collection has exceeded $2.8 million. The price of these tokens has been steadily increasing since their launch.
Donald Trump’s NFT trading cards
OpenSea, a major NFT exchange platform, reported that Trump’s NFTs were first priced at 0.282 Ethereum early Saturday morning. That’s about $330 in total. However, they were first released for a paltry retail price of $99 per coin.
Saturday’s price shows a significant increase in the value of Trump’s NFT trading cards since it was first released as part of what the former president called a “big announcement” on his Truth Social account.
390% return on investment in 3 days
Currently, at the time of writing this article, the floor price of NFTs is around 0.41 ETH, which is equivalent to $485; a 390% increase from its launch price of $99.
Thus, it can be concluded that if the 45 NFTs were purchased for $4,500, the investment today would be nearly $22,000, in just a few days.
The NFTs were immediately sold, and according to Friday’s reports, their cost on the secondary market nearly doubled.
Trump’s official return
Trump launched the NFT trading card campaign after his 2024 presidential campaign was officially announced. Trump’s bid for re-election in 2020 was unsuccessful. He served as President of the United States from 2017 to 2021.
According to the site hosting these NFTs, the collection is minted on the Polygon blockchain, and a total of 45,000 NFTs will be created in the collection’s first run.
While Trump has been mocked for his NFT collection, the steady rise in price might be enough to persuade the former president that his business has been largely profitable so far.
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