Trump NFTs pump after indictment, Q1 trading volume hits $4.7B and more

Following news of a New York Grand Jury voting to indict former president Donald Trump on March 30, the floor price for the officially licensed Trump Digital Trading Cards nonfungible token (NFT) project pumped.

According to data from OpenSea, NFT traders were seemingly spurred into action by the announcement, with the floor price moving from 0.46 Ether (ETH) or $835 at current prices, to as high as 0.6 ETH ($1090) on the same day.

Trump Digital Trading Cards floor price. Source: OpenSea

When the project launched in December 2022, it offered exclusive one-on-one experiences to certain NFT hodlers, such as private golf sessions, dinners and conversations with Trump.

The indictment news could potentially impact the former president’s ability to deliver on the experiences. 

At the time of writing, the floor price has since dropped back to around the 0.51 ETH range. The price still sits well above the initial mint price of $99 from December.

NFT sales hit $4.7B in Q1

According to a March 30 report from blockchain analytics platform DappRadar, there was $4.7 billion worth of NFT trading volume in Q1 2023, more than double that of the previous quarter.

The firm pointed to bullish action from the Blur marketplace, which took the market by storm during its token airdrop farming period in February.

The $4.7 billion came from 19.4 million NFT sales in Q1, marking an increase of 8.56%, with total volume increasing by 147% compared with the $1.9 billion posted in Q4 2022.

Total NFT market trading volume. Source: DappRadar

The Ethereum network accounted for a whopping $4.1 billion worth of the volume, with second-placed Solana contributing $242 million, while Polygon ranked third with $85 million for the quarter.

Trading volume by blockchains. Source: DappRadar

Square Enix drops Final Fantasy NFT trading cards

Square Enix, the Japanese gaming giant behind the widely popular Final Fantasy franchise, has released NFT trading cards in celebration of the 25th anniversary of Final Fantasy VII.

The NFTs are part of the Final…


Read More

Recommended For You

Leave a Reply

Your email address will not be published. Required fields are marked *