The floor price of original Trump Digital Trading Cards has spiked to record highs following a failed assassination attempt against the former U.S. president. Here are the key details:
Market Reaction:
- Price Surge: The floor price of Trump Digital Trading Cards on Polygon’s Ethereum sidechain surged to an all-time high, reaching 933 MATIC ($502) immediately after news of the assassination attempt.
- Current Price: Subsequently, the floor price has stabilized around 762 MATIC ($410) on NFT marketplace Magic Eden, still significantly higher than its previous trading range of $228 per card.
- Series 2 Cards: The second series of Trump Digital Trading Cards also saw a notable increase, rising by 20% to 163 MATIC ($233).
Assassination Attempt Context:
- Event Impact: The price surge occurred shortly after news broke of an attempted assassination of Donald Trump during a campaign rally in Pennsylvania, where the assailant was killed.
- Market Response: The incident sparked heightened trading activity across crypto markets, including meme coins inspired by Trump and increased betting odds on blockchain platforms like Polymarket predicting Trump’s return to the White House.
NFT Background:
- Launch Details: Trump’s NFTs were officially launched in December 2022 and April 2023, featuring artwork depicting him in various heroic and patriotic scenarios, including fantasy settings.
- Series 2: The second series introduced Trump holding a championship pro wrestling belt, aiming to build on the initial success despite a mixed market reception.
- Market Fluctuations: Initial enthusiasm for Trump’s NFTs waned after the second series increased the supply, causing prices to drop significantly.
Political and Crypto Integration:
- Campaign Trail: Trump has actively engaged with crypto holders, accepting cryptocurrency donations and signaling his support for digital assets during public appearances and events related to his NFT collection.
The surge in Trump’s NFT prices underscores the intersection of politics and digital assets, reflecting market reactions to significant political events and trends in the broader crypto ecosystem.
