Trump NFT craters with daily sales down 98% from peak – Decrypt

Trump NFT craters with daily sales down 98% from peak – Decrypt

Former US President Donald Trump’s official NFT trading cards were the talk of the crypto industry – not to mention Twitter and even late-night TV – when they launched a few weeks ago, but since then the hype has grown considerably. Faded to a great extent. Secondary market sales of the Trump digital trading card, which is built on the Ethereum scaling network Polygon, totaled more than $59,300 on Wednesday, according to data from CryptoSlam. Trump’s collection is hardly over, however. At the time of this writing, according to CryptoSlam, the former president’s NFT is the 69th most sold project in the past 24 hours, with over $44,000 sold during that period. In contrast, top project Bored Ape Yacht Club recorded sales of over $2 million in the past day. Secondary market premiums on Trump NFTs are also coming down fast. The NFT was originally sold for $99 during the primary sale, and amid the hype surrounding the project in the days following the initial mintage, even an NFT with “generic” artwork and features was sold for its price. Ordered a large multiplier.