Donald Trump NFTs Lose 73% Value In One Month As Investor Interest Dwindles

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The Donald Trump Digital Trading NFT card has fallen a whopping 73% since its initial launch on December 16.

What Happened: After historically low activity, the floor price of Trump NFTs has fallen to just $0.181 Ethereum ETH/USD.

NFTs had a remarkable first week of launch, reaching an impressive $0.677 ETH but since then the price floor has been falling.

See More: Best Crypto Day Trading Strategies

Data from LunarCrush shows a significant drop in overall social mentions over the past month. Activity was down 30% to 2,840 mentions, while social contributors were down a dramatic 97%.

Trump NFTs consist of 45,000 trading cards, featuring a wide range of creative cosplay costumes, such as an astronaut, cowboy and superhero. Derived from Polygon MATIC/USD, NFTs offered buyers a chance to win exclusive rewards, such as dinner or a meet-and-greet with Trump.

According to OpenSea data, sales of Trump NFTs reached an all-time high of 5100 on December 19. However, on Sunday it dropped sharply to 131 units which is a 97% drop.

Trump Digital trading cards have 14,811 owners, which means they have a unique ownership rate of 33% and a total volume of 822 Ethereum.

The same wallet that once sold Trump NFT Digital Trading Cards is now producing NFT Tokens that serve as access passes to sweepstakes prizes. These NFTs show a picture of Trump holding a sign that resembles a ticket that contains information about prizes, for example, a dinner with Trump in Miami, a cocktail party at Mar-A-Lago, a one-on-one conversation with Trump, an hour of golf with Trump and two friends, and a Zoom call.

Price Action: At the time of writing, ETH is trading at $1,568, up 2.83% in the last 24 hours, according to Benzinga Pro data.

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