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.
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.
“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”.
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
According to Cryptoslate