- Donald Trump’s new NFT collection sold out within hours, raking in $4.6 million for the former U.S. President.
- The launch of the new series led to a 44% decline in the floor price of the first NFT collection that was launched in December 2022.
Former U.S. President Donald Trump’s second NFT collection has sold out in record time. The Trump-themed Series 2 of the Trump Digital Trading Cards, which were released on 18 April, raked in millions of dollars for the former President.
The new collection comes just four months after Trump released his first digital collectibles set back in December 2022.
Trump returns to Instagram to promote NFTs
Donald Trump returned to Instagram after more than two years, to promote the launch of his new digital trading cards collection. However, the news was first shared on his own social media platform, Truth Social.
The NFTs were priced at $99 each, the same as the first collection. All tokens are to be minted on the Polygon blockchain. The NFTs sold out within six hours, bringing in $4.6 million.
The former President wrote on Instagram:
“I hope everyone notices, & I’m sure the Fake News won’t, that I’m leaving the price of the Trading Cards the same as last time, even though they are selling for MANY TIMES MORE (It’s called the MARKET!), & sold out almost immediately, because I want my fans & supporters to make money, & have fun doing it.”
The collection included 47,000 NFTs, which may be a subtle hint at Trump’s return as the 47th President of the United States. Users who bought 47 NFTs will win a dinner with Trump at his Mar-a-Lago residence in Florida.
It is interesting to note that the launch of the new collection led to a slump in the floor price of the Series 1 digital trading cards, 44% to be precise.
The previous NFT set had managed to not only maintain but even grow its floor price despite Trump’s recent indictment in New York. As previously reported, Donald Trump made up to $1 million from the sales of his first NFT collection.