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Trump NFT Sales Spike Again With Historic Indictment

Sales volume for Donald Trump NFT trading cards have surged after his recent indictment on more than 30 counts tied to fraudulent business dealings. The floor price for the cheapest-listed NFT in the collection rose 24% to $1,023, with secondary trading volume up 404%.

The NFTs, which feature Trump in various costumes and with various perks such as a video chat with the former president, were originally minted for $99 each on the Polygon network. The initial hype quickly died down after technical glitches, questionable fine print and a mocking mention on Saturday Night Live, with daily trading volume falling 98% from its peak.

However, daily sales of the NFTs surged at the start of 2023 and have remained volatile since. Total trading volume for Trump NFTs has exceeded $18.6m, according to CryptoSlam. With Trump becoming the first former or current US president to face criminal charges, his NFTs may prove to be a valuable wager for some buyers placing bets on his return to mainstream visibility.

(By Ryan Ozawa)

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