Donald Trump Trading Card Volume Pumps Resultant from Criminal Indictment

2023-04-12, 07:57

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/blog/1679447253155655279redian.jpeg)
The former president of the United States was indicted on 30 March 2023.

The charges against Donald Trump are still unclear and specifics will be given with time.

The trading volume of Trump NFT increased by 300% within 24 hours following his indictment.

People can purchase Donald Trump NFT cards on OpenSea.

Keywords:  Trump NFT, Donald Trump NFT, Trump NFT cards, Trump NFT trading cards, Trump NFT price, where to buy Trump NFT, Trump cards for sale 
## Introduction 
The price action of cryptocurrencies and non-fungible tokens (NFTs) can easily respond to certain news. Notably, the effect of the news on the price of the assets can be negative or positive. This article focuses on the effect of the news of Donald Trump’s indictment on the value of Trump NFTs. 
## The trading volume of Trump NFT cards increases as Trump faces indictment
The trading volume of [Trump NFT cards](https://www.gate.io/nft/1655876 "Trump NFT cards"), with a maximum supply of 45,000, increased by over 300% within 24 hours following the news of the indictment of Donald Trump, the former president of the United States, on 30 March 2023. According to NFT Price Floor, 179 cards were sold at a total value of 99.952 ETH.

When Trump was indicted the NFTs had a floor price of 0.41 ETH worth about $748 each. However, on 1 April the Trump NFT price had risen to 0.5299 ETH, with an average value of 0.5737 ETH within 24 hours. The highest sale price during that period was 0.9298 ETH.

The price of the Donald Trump NFT at that time was 0.598 ETH. It is important to note that the mint price of the NFTs was $99.00. Basically, therefore, the Trump NFT price has increased by more than 1,096% since the time of their launch. In addition, they have been owned by 13,963 individuals as at the time of writing.

The Trump deck of NFT cards was released on 15 December 2022 and were all sold within 2 hours. 
![](https://gimg2.gateimg.com/image/article/168128608301.png)
Donald Trump NFT- Nymag

## The charges against Donald Trump 
Although there is no formal publication of the charges laid on Donald Trump, some sources say that he is facing more than 30 charges related to business fraud. The indictment filed by the Manhattan grand jury is still under seal and will be made known to the public soon.

As a fact, Trump has been under investigation from Manhattan District Attorney Alvin Bragg’s office for a long time in connection to a hush money payment involving adult film star Stormy Daniels made in 2016.

The indictment of Trump is significant because he becomes the first ex-president of the United States to face criminal charges. However, Trump has declared that his indictment is part of political persecution perpetrated against him.

Read also: [What is a Dynamic NFT (dNFT)?](https://www.gate.io/learn/articles/what-is-a-dynamic-nft/456 "What is a Dynamic NFT (dNFT)?")

Trump has publicly expressed his sentiment. He said “I believe this Witch-Hunt will backfire massively on Joe Biden. The American people realize exactly what the Radical Left Democrats are doing here. Everyone can see it. So our Movement and our Party – united and strong – will first defeat Alvin Bragg, and then we will defeat Joe Biden, and we are going to throw every last one of these Crooked Democrats out of office so we can MAKE AMERICA GREAT AGAIN!”
![](https://gimg2.gateimg.com/image/article/168128611502.png)
Donald Trump - History

Trump’s view was confirmed by former Vice President Mike Pence who told CNN’s Wolf Blitzer that “I think the unprecedented indictment of a former president of the United States on a campaign finance issue is an outrage.It appears to millions of Americans to be nothing more than a political prosecution that’s driven by a prosecutor who literally ran for office on a pledge to indict the former president.”
## Trump and NFTs
Trump was first associated with NFTs when he [released his collection of 45,000 NFT cards](https://www.gate.io/nft/collection/17160/Trump-Cards-Fraction-NFT "released his collection of 45,000 NFT cards") on 15 December 2022.These digital trading cards feature various pictures of Trump in different styles such as an astronaut,  superhero, Nascar driver, a cowboy and other similar aesthetical roles.

Basically, Trump NFT trading cards are limited edition digital trading cards that are available on OpenSea. As such, this is [where to buy Trump NFT](https://www.gate.io/nft/1655928 "where to buy Trump NFT"). These cards look like Pokemon Cards which people can collect, accumulate and trade.

Each of these Donald Trump NFTs is accompanied by a perk which includes a chance to meet and greet Trump or have dinner with him. The values of the Trump cards for sale, minted  on <a href="/fr/price/polygon-matic" target="_blank" class="blog_inner_link">Polygon</a>, increased significantly soon after their launch with their starting price nearing $1,000 by 17 December 2022. However, the NFTs did not maintain that upward price momentum as their value decreased with time. Although this is Trump’s first NFT collection, his wife, the former First Lady, Melania Trump, launched hers in 2022, dubbed Cobalt Blue Eyes. 
## Conclusion 
The price and [sales volume of Trump NFT cards](https://www.gate.io/startup/681 "sales volume of Trump NFT cards") increased within 24 hours after the announcement of the indictment of Donald Trump on 30 March 2023. In fact, the trading volume of the NFT increased by 300% within that period. However, the specifics of the billionaire's case are not fully known at the moment. 
### What is the value of Trump’s NFT? 
The floor price of Trump’s NFT is 0.41119990 ETH worth around $756.47. You can buy them at OpenSea <a href="/fr/price/polygon-matic" target="_blank" class="blog_inner_link">Polygon</a> at any time. However, the floor price of these Trump NFT trading cards can change at any time, either rising or falling. 
### What is Trump’s Net worth? 
According to a recent tally, the net worth of Donald Trump, the former president of the United States is $2.5 billion. Trump owns Golf Clubs & Resorts, New York City Real Estate, Social Media and Brand Businesses, Non-New York City Real Estate as well as Cash & Personal Assets.
### What is an NFT card?
An NFT card is a digital collectible which is secured by the blockchain. The term NFT stands for non-fungible token which is a one-of-its-kind digital asset. 
### What does the Trump Card do?
The Trump Card, also called Trump NFT, features the pictures of Donald Trump, the former president of the United States and gives its owner special privileges. For example, a holder of a Trump card has the chance to meet and greet Donald Trump or to have dinner with him. 
### Is Trump card free?
The Trump card is not free as you have to purchase it from NFT marketplaces such as OpenSea. Its current price is 0.41119990 ETH worth around $756.47.

<div class="blog-details-info">
<div>Author: **Mashell C.**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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