Trump Digital Trading NFT Cards Fall 50% Amid Mixed Social Media Reactions

Trump had previously told Truth Social that he was about to make a significant announcement. It turned out to be the Trump Digital Trading Cards NFTs. Trump Digital Trading Cards (TRUMP), a hotly discussed topic, was unveiled last week by ex-US President Donald J Trump. It experienced high volatility over the weekend.

According to CoinGecko market aggregate data, the Trump Digital Trading Cards’ (TRUMP) price floor is currently $357.62 with a 24-hour volume of 1143.81 Ethereum.

The TRUMP NFTs are held in circulation by 45000 cards and owned by 15,627 unique buyers. The market cap for TRUMP NFTs was $16,092,776.95 on Monday. Despite a strong start, the TRUMP NFTs floor price has fallen approximately 50% in the last 24 hours.

Trump has denied any allegations of political fundraising, but the vibe across social media platforms is quite different.

Wash trading is another example of illegal transactions in the NFT market. Biden’s administration is hostile to the former President. He was accused of taking government documents into his private offices.

According to the fourth quarter announcement, the real estate icon plans to return in the 2024 elections. Trump had previously made a statement via Truth Social that he was making a significant announcement. It turned out to be the Trump Digital Trading Cards NFTs. However, the TRUMP NFTs have received a much greater response than similar projects.

On-chain activity ranks the Polygon network-based NFTs second to MineablePunks’ (MPUNKS) rank. However, TRUMP NFTs are more liquid and have higher floor prices.

Saturday Night Live’s last night’s episode opened with a skit by comedian James Austin Johnson. “It seems like a scam – and in many ways it is – but we love the Trump cards ……. The best part is, each card comes with an automatic chance to win an exclusive mystery prize where you get to pick anything out of this nice box,” Johnson said

One of the well known NFT analyst and enthusiast, NFTHerder practically warned users on a twitter thread to stay away from the project.

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