Donald Trump's first NFT collection sells out in less than a day
Former U.S. President Donald Trump’s non-fungible token (NFT) digital trading card collection sold out early Friday, the day after its initial release.
According to data from OpenSea, at time of writing, the collection’s trading volume is 900 ETH, or about $1.08 million. Its floor price is about 0.19 ETH, or about $230 – more than double the original price of $99.
Some tokens are selling for much higher prices. The one-of-ones, the rarest of the NFTs, which comprise 2.4% of the 45,000 unit collection (roughly 1,000), are selling for as much as 6 ETH at the time of writing. One of these rare trading cards, of the 45th president standing in front of the Statue of Liberty holding a torch, is currently listed at 20 ETH, or about $24,000.
According to data from Dune Analytics, nearly 13,000 users minted 3.5 tokens upon the release of the collection. Additionally, 115 customers purchased 45 NFTs, which is the minimum number of tokens that guarantees a ticket to a dinner with Trump; 17 people purchased 100 NFTs, which, according to the Trump Trading Card site, was the maximum quantity allowed to mint. However, additional metrics from Dune show that other wallets held far more.
Currently, 1,000 NFTs, including many one-of-ones, are held in one Gnosis Safe multisignature wallet, which appears to be the wallet receiving royalty payments from the secondary sales of the NFTs.