Former U.S. President Donald Trump’s second NFT collection is down more than 10 percent from its $99 purchase price — the current reserve price is around $88 at press time.
The price floor quickly collapsed on April 19 and currently stands at 0.0468 ETH — worth roughly $87.84, according to OpenSea analytics data.
Source: OpenSea
OpenSea data also shows that NFTs sold 14,755 units on April 22 with a volume of 1,037 ETH — worth about $1.9 million. Transaction volume has dropped significantly over the past five days — from 482 ETH on April 22 to 25.49 ETH on April 22. Trading volume on April 18.
Source: OpenSea
“Trump dumping effect”
On April 19, Trump’s Series 2 NFT collectible announcement peaked at around 0.2 ETH — worth about $375 — and knocked Series 1 down by 58%.
Since April 22, the base price of Trump’s first NFT series has dropped 64% — 0.14 ETH at press time.
“Trump pump effect”?
In stark contrast to the slump in base prices, the first series in 1779 saw a nearly 500% increase in sales, totaling 284 ETH — an increase of over 150%.
Most of the sales and first collection figures can be seen below, mostly around April 18th – coinciding with the release of “Series 2”.
Source: OpenSea
At the same time, the decline in the floor price of the Trump NFT series of digital assets also coincided with the price of Bitcoin falling to $27,300 – liquidating close to $200 million.
- Donald Trump’s second NFT series quickly “sold out,” but was criticized as “ridiculous” and “weird.”
- Donald Trump launches second NFT collection on Polygon with 47,000 pieces
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According to Cryptoslate
