Donald Trump’s Surprise Return to X Fuels Surge in Trump NFT Sales

Former U.S. President Donald Trump has made a dramatic return to the social platform formerly known as Twitter, now X, after a prolonged absence. His re-entry coincides with the controversial release of his mugshot, following charges in Georgia related to alleged efforts to overturn the 2020 election results. 

https://t.co/MlIKklPSJT pic.twitter.com/Mcbf2xozsY

— Donald J. Trump (@realDonaldTrump) August 25, 2023

This notable event has led to a significant rise in the sales of Trump’s NFTs, as supporters and crypto-enthusiasts seek to own a piece of this historic moment.

From Silence to Spotlight: Trump’s Comeback on X

While Trump’s last tweet on the platform dates back to January 8, 2021, his recent re-emergence came as a surprise to many of his 86 million followers. His previous silence was attributed to the suspension of his account due to concerns surrounding potential incitement of violence. 

Although tech magnate Elon Musk reinstated the account after acquiring X, Trump had primarily chosen to engage with his audience through his social network, Truth Social. His return to X was both dramatic and timely, just as he was processed at Fulton County Jail, making history with the first-ever mugshot of a former U.S. president.

The Trump NFT Phenomenon

The sensational events surrounding Trump have had an interesting ripple effect in the crypto world. Cryptoslam.io revealed that just a day after the release of Trump’s mugshot, his Digital Card series saw sales skyrocket, with a day-to-day surge of 426%. A broader look at the week suggests an overall boost of 208% in NFT sales related to Trump. 

To date, Trump’s NFTs have pulled $20.68 million from almost 47,552 transactions. The figures suggest a growing trend among crypto-enthusiasts, with approximately 14,016 digital wallets holding at least one Trump card, and the average ownership duration being a mere 19 days.

Trump’s unexpected appearance on X and the subsequent events have not only made headlines in the political domain but have also left an indelible mark on the cryptocurrency world. As the U.S. prepares for another election cycle, it remains to be seen how these digital transactions evolve and what other surprises are in store.

✓ Share:

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO’s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

Advertisement

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.