Following the announcement of former President Donald Trump’s indictment by a Manhattan grand jury on more than 30 counts related to business fraud, NFT sales featuring his likeness have skyrocketed. In just 24 hours, sales of Trump Trading Card NFTs increased by more than 500%, with over $50,000 worth of digital cards being traded as the news broke.
CryptoSlam reports that approximately $184,000 worth of these cards exchanged hands during this period, with OpenSea listing the current floor price at 0.58 ETH or around $1,000. Though impressive, these numbers still fall short of previous sales performance. In December, a 45,000-item NFT collection sold out within hours, grossing over $3.9 million on its launch day. Since then, daily trading volumes have reached as high as $469,000.
OpenSea’s creator fees include a 10% royalty on secondary sales, and as a result, the Trump NFT project has already generated over $100,000 in revenue. The most expensive sale to date features a black and white rendering of Trump donning a Christmas hat, selling for 23.99 ETH or $42,900.
Details regarding Trump’s indictment remain under seal and are expected to be unveiled in the coming days. The former president is scheduled to appear in court on Tuesday.