$MATIC: Sales for Polygon-Powered Trump NFTs Skyrockets as News of Indictment Fuels Demand

Following the news of former President Donald Trump’s indictment by a Manhattan grand jury, NFT sales of his NFT collection — “Trump Digital Trading Cards” — have experienced an impressive surge of over 470% in the last 24 hours.

At 9:50 p.m. UTC on March 30, CNN reported that Trump was “indicted by Manhattan grand jury on more than 30 counts related to business fraud” and that “he is expected to appear in court on Tuesday.”

The CNN report stated that this was Trump released a statement in response to the indictment, which stated:

“I believe this Witch-Hunt will backfire massively on Joe Biden,” the former president said. “The American people realize exactly what the Radical Left Democrats are doing here. Everyone can see it. So our Movement, and our Party – united and strong – will first defeat Alvin Bragg, and then we will defeat Joe Biden, and we are going to throw every last one of these Crooked Democrats out of office so we can MAKE AMERICA GREAT AGAIN!”

According to data from CryptoSlam, over the past 24-hour period, there was $184,522 worth of sales, which is an increase of just over470%:

According to NFT marketplace OpenSea, the current floor price for these NFTs is set at 0.569 ETH, which is roughly equivalent to $1,024:

The NFT collection, which features 45,000 unique images of former U.S. President Donald Trump, was launched in December 2022. Trump talked about these NFTs during an interview on One America News (OAN) show “Weekly Briefing With Chanel Rion.”

He said,

“Well, I knew nothing about them, and then a group came. And I loved the art. They showed me the art… it’s comic book art when you think of it, but they showed me the art, and I said I always wanted to have a 38-inch waist, but I’m looking at this stuff, and I am saying, ‘that’s sort of cute, that might sell.’

“They thought it would sell in six months; it sold in six hours. And it set like a record, I understand. It’s been incredible. You know, if you bought a card for $99, I guess it’s much, much higher than that. And I heard the Wall Street Journal or somebody say it was the investment of the year.

“I was criticized, really criticized, when it was announced… I didn’t view it as [an] investment… I thought they were cute. I mean, for $99, you’re getting these visions that are very beautiful and interesting, I think. And I viewed it that way, much more so than as an NFT, but NFT was very hot two or three years ago, and then it cooled down…

“So, when they announced it’s NFT, everyone said, ‘what’s he doing that for? That’s so cold.’ And I did it, and I guess it was one of the most successful, maybe the most successful, but it was certainly in terms of speed. The whole thing was sold out almost immediately. Pretty amazing!“

Source: Read Full Article