Former U.S. President Donald Trump’s arrest in Georgia has caused a significant increase in the value of his digital trading cards, also known as non-fungible tokens (NFTs). The trading volume of Trump’s NFTs has surged by an astounding 177% over the past seven days, reaching a peak of 24.1 ETH on August 25. Additionally, the floor price of these digital cards has risen by 61%, setting a new standard at 0.19 ETH. This surge in value has caught the attention of investors and enthusiasts alike.
Trump’s arrest in Atlanta stems from accusations of election interference during the 2020 presidential election in Georgia. Despite Trump proclaiming his innocence and referring to the situation as a “witch hunt,” public interest in his digital cards has skyrocketed. People are now highly interested in owning a piece of his digital legacy.
In December of last year, Trump capitalized on the NFT craze by releasing 45,000 digital cards featuring himself in various roles, ranging from a superhero to a NASCAR driver. These NFTs were initially sold for $99 each but are now trading at significantly higher prices. Each card is recorded on the blockchain, ensuring its unique and immutable nature.
Following his arrest, Trump turned to X, the social platform that succeeded his banishment from Twitter. He posted his mugshot alongside captions emphasizing “ELECTION INTERFERENCE” and “NEVER SURRENDER,” along with a donation link. This post quickly went viral, amassing over 1.1 million likes and 269,000 reposts.
Despite describing his short time in Fulton County jail as a “terrible experience” and joking that it wasn’t taught at the prestigious Wharton School of Finance, Trump was released after posting a $200,000 bond. However, he still faces other allegations and charges that could potentially land him back behind bars.
While Trump’s NFTs have experienced a sudden surge in value, it remains to be seen if this increase is sustainable or merely a bubble that could burst as quickly as Trump’s notorious tweets. Only time will reveal if these digital cards hold the potential to become the new gold or if they are merely fools’ gold.
In conclusion, Trump’s arrest has sparked immense interest in his digital trading cards, causing their value to skyrocket. The internet is abuzz with discussions surrounding this unexpected turn of events.
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