Former President Donald Trumps NFT collection experienced an astounding surge of 1200% in sales shortly after his interview with Tucker Carlson.
What Happened: The spike in activity occurred simultaneously with the GOP presidential debate being held on Fox News.
Data from OpenSea revealed that within the past 24 hours, over 40 NFTs from Trumps collection were sold, contributing to the exponential growth. Moreover, the floor price of the NFT skyrocketed by 30%, reaching a value of 0.137 Ethereum ETH/USD .
Trumps Thoughts on the Debate: During the pre-taped interview, made available on X (formerly known as Twitter) shortly before the commencement of Wednesday nights GOP debate, Trump expressed his rationale for not participating in the debate.
He cited the substantial lead shown in recent polls with margins ranging from 50 to 60 points. Trump And some of them are at one and zero and two. And Im saying, Do I sit there for an hour or two hours, whatever its going to be and get harassed by people that shouldnt even be running for president? Should I be doing that? And a network that isnt particularly friendly, frankly," he said.
See More: A Stay At The Floating Palace From James Bond's Octopussy
Why It Matters: Certified financial disclosures for 2023, recently published online by the organization Citizens for Responsibility and Ethics in Washington (CREW), revealed details about Trumps involvement in the world of cryptocurrency. The disclosures uncovered that Trump is reportedly in possession of up to $5 million worth of ETH, positioning him as an Ethereum whale.
The disclosures indicated that Trump earned $2.8 million from his ETH holdings alone. Additionally, through licensing fees associated with nonfungible token (NFT) collections featuring his image, Trump has reportedly earned over $4.8 million. This involvement in crypto-related ventures has resulted in a net profit of approximately $7.6 million for the former president.
On the first day of its launch, Dec. 16, 2022, the company behind Trump Digital Trading Cards sold 45,000 trading cards within just 12 hours.
Price Action: At the time of writing, ETH was trading at $1,673.76, down 2.46% in the last 24 hours, according to Benzinga Pro.
Photo by Koshiro K on Shutterstock
Read Next: Bitcoin, Ethereum, Dogecoin Rise In Sync With Stock Markets: Analyst Warns ETH Coming Home Before Touching All-Time Highs
Join Benzingas Future of Digital Assets in NYC on Nov. 14, 2023 to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space. Secure early bird discounted tickets now!