Trump Flexes Mug Shot On X, NFTs Soar in Value

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In a day that can only be described as apropos for the NFT space, Donald Trump posed for his mugshot in a Georgia jail and his non-fungible token collections shot up in value. The mug shot, which the Donald posted from his newly revamped Twitter account, showed the former president with a stern face, his flighty hair masking his forehead:

Twitter reacted accordingly, and then came the flippers. According to analytics for both of Trump’s NFT collections on OpenSea, the trading volume and floor prices for the sets spiked dramatically, creating a whirl of sales that surpassed even the NFT market’s current bounce. Here are the statistics for his original collection in the past 24 hours:

His second NFT collection has fared well in the past 24 hours also. Trading volume is up nearly 2,600% at the time of this writing, with the floor price once nearly reaching 0.035 ETH ($58). Check out the following image for the low-down on statistics of his second collection:

The former president faces 91 felony charges, for all of which he has denied wrongdoing. In addition, he has said that the charges are, in fact, politically motivated. His mugshot is related to the charges in Georgia, where the government accuses him of trying to interfere in an unwholesome manner in the 2020 election.

There’s no telling whether the hype surrounding his NFT collections will continue, but like with most things Donald, we are just here for the ride.

The Trumps Make Web3 News in 2023

While it is not unusual for political figures to make news for all sorts of things, it may come as a surprise that the Trumps have been in the spotlight in Web3 over the past year. The world of crypto, NFTs, and the metaverse may be the domain of revolutionists and internet denizens, but the Trumps have tried to make it their digital home.

Here are three stories we’ve covered in the past eight months involving the former First Family, two from the Donald and one from his wife Melania.

First, two months ago, Melania Trump unveiled Independence Day NFTs on the Solana blockchain. “The 1776 Collection,” as it was called, consisted of 3,500 non-fungible tokens with art taken right from American patriotism: Mount Rushmore, the Statue of Liberty, and the Liberty Bell.

Next, four months ago, Donald Trump launched his second NFT set based on the original premise: trading cards. Like the tokens in the first set, these NFTs featured art of Donald in a variety of outlandish outfits that celebrated his oversized public character. Word on the (NFT) street was that he was using the proceeds from the collection to fund his re-election campaign.

Lastly, eight months ago, the number of users on the Polygon blockchain soared after the release of Donald Trump’s first NFT collection. During the week of December 12th, over 300,000 people traded Polygon non-fungible tokens, with Trump NFTs fetching high prices. It was a high point in the NFT bear market, bringing some excitement to the space.

Donald Trump certainly has his troubles at the moment, though he seems to be taking them in stride. Whether his NFT collections will hold water until the next bull market is an unknown, but they are certainly meme-worthy, and we could all use a good laugh at this point.