Trump NFTs Skyrocket 650% In Sales After Ex-President Indicted For Allegedly Attempting To Overturn 2020 Election
Portfolio Pulse from Mehab Qureshi
Following the indictment of former President Donald Trump on charges related to alleged attempts to overturn the 2020 presidential election, trading volume for Donald Trump Trading NFT Cards surged by 780%. Sales on OpenSea, an NFT marketplace, also saw a 643% increase, while the floor price rose by 28%, reaching 0.1288 Ethereum (CRYPTO: ETH).
August 04, 2023 | 10:39 am
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The indictment of Donald Trump and the subsequent surge in trading volume for his NFT cards could potentially increase demand for Ethereum, as the floor price for these cards is denominated in ETH.
The surge in trading volume for Donald Trump Trading NFT Cards, which are priced in Ethereum, could potentially increase demand for ETH. This is because buyers would need to purchase ETH in order to buy these cards, which could put upward pressure on the price of ETH.
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