Former United States president Donald Trump’s NFT trading card sales have experienced a surge in both prices and trading activity. March has been the worst month for sales volume, but the late-month surge came after news of Trump’s indictment by a New York grand jury.
The floor price of the cheapest-listed NFT in the collection has jumped 24% over the last 24 hours, reaching $1,023, according to NFT Price Floor. Sales have surged since last night, with CryptoSlam reporting a 404% increase in secondary trading volume over the past 24 hours compared to the previous span. The site reports $184,000 worth of Trump NFT sales over the past day.
Trump has been indicted on more than 30 counts tied to fraudulent business dealings, making him the first former or current U.S. president to face criminal charges. The 45,000 Trump NFTs, depicting the former president in various costumes and coming with various perks, were originally minted for $99 each on Polygon, an Ethereum scaling network.
Despite initial incredulity from the crypto community, the project briefly topped sales charts before critics called out technical glitches and questionable fine print, causing the price of Trump NFTs to quickly collapse.