After Donald Trump’s appearance in court in New York City on Tuesday, there was a surge in sales of his non-fungible token (NFT) collection. The data from NFT marketplace OpenSea shows that Trump Digital Trading Cards holders sold 30 tokens within an hour after the court appearance, marking a 462% increase. Over six hours, the number of tokens sold increased to 47.
While this was a significant jump in sales, it is still a relatively small amount of activity within the NFT space. To provide some context, Nakamigos, one of the top trending collections, had 1,286 sales during the same six-hour period.
In December, the former president launched a series of digital collectibles, allowing buyers to purchase a token with his likeness for $99 and enter a sweepstake for exclusive experiences with the former commander-in-chief. The collection was a swift sell-out, and the price on the secondary market increased by more than double.
Currently, the floor price of the tokens has remained steady at approximately 0.5 ether (ETH), which equates to about $930. However, the NFTs that represent sweepstakes prizes associated with the Trump Digital Cards mint have not had any sales in the last six hours.
Trump appeared in a Manhattan criminal court and was arraigned on 34 felony criminal charges of falsifying business records, to which he pleaded not guilty.