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The collection of non-fungible tokens (NFTs) released by former President Donald Trump has nearly doubled in price on secondary markets after selling out following their release.
According to data from OpenSea, a popular online NFT marketplace, the floor price for Trump NFTs is around 0.16 Ethereum, which converts to around $190 at the time of publication. The NFTs were released by Trump on Thursday at a starting price of $99.
The double in price of the NFTs comes shortly after they sold out just a few hours after they were released by the former president.
On Thursday, Trump teased a "major announcement" which he later revealed was a collection of digital collectible trading cards of himself.
"MAJOR ANNOUNCEMENT! My official Donald Trump Digital Trading Card collection is here! These limited edition cards feature amazing ART of my Life & Career! Collect all of your favorite Trump Digital Trading Cards, very much like a baseball card, but hopefully much more exciting," Trump wrote in a TruthSocial post on Thursday. "Go to collecttrumpcards.com/ & GET YOUR CARDS NOW! Only $99 each! Would make a great Christmas gift. Don't Wait. They will be gone, I believe, very quickly!"
The NFTs released by Trump feature him in different poses in front of an array of various backgrounds.
"These are just like baseball cards, but you collect them digitally, on your computer or phone. All you need is an email address and a credit card to start collecting 1, 10, 20 or 100. Instantly become part of a new league of collectors," the CollectTrumpCards website states.
As of publication time, the total volume listed on OpenSea for the Trump collection of NFTs was over 1,000 Ethereum, which converts to over $1 million.
Last month, Trump announced that he will be running for the presidency again in 2024, telling a crowd at his Mar-a-Lago residence, "We always have known that this was not the end. It was only the beginning of our fight to rescue the American dream."
"In order to make America great and glorious again, I am tonight announcing my candidacy for president of the United States," Trump added in his announcement.
In a frequently asked questions portion of the CollectTrumpCards website, it states that the NFT collection is "not political" and is not affiliated with Trump's 2024 campaign.
"NFT INT LLC is not owned, managed or controlled by Donald J. Trump, The Trump Organization, CIC Digital LLC or any of their respective principals or affiliates. NFT INT LLC uses Donald J. Trump's name, likeness and image under paid license from CIC Digital LLC, which license may be terminated or revoked according to its terms," the website says.
Newsweek reached out to reps for Trump for comment.
About the writer
Matthew Impelli is a Newsweek staff writer based in New York. His focus is reporting social issues and crime. In ... Read more