Gold

President Donald Trump

<p>The post <a rel="nofollow" href="https://coinpedia.org/news/donald-trump-nft-price-surge-after-arrest/">Donald Trump’s Arrest Sends NFT Prices Skyrocketing</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Digital trading cards, known as <a href="https://coinpedia.org/crypto-live-news/ex-opensea-employee-sentenced-to-prison-for-nft-insider-trading/">NFTs</a>, featuring the likeness of former U.S. President <a href="https://coinpedia.org/news/did-donald-trumps-ethereum-stash-reveal-a-hidden-bitcoin-past/">Donald Trump</a>, have witnessed a remarkable surge in value after his recent arrest in Georgia.</p> 
<p>As one would expect, this quickly became the talk of the town. Let’s read on to discover what the hype is all about. </p> 
<h2 id="nfts-shoot-to-the-moon" data-name="nfts-shoot-to-the-moon" class="wp-block-heading">NFTs Shoot to the Moon!</h2> 
<p>Over the past week, the trading volume for Trump’s digital cards has witnessed an astonishing increase of 177%. This surge culminated in a peak value of 24.1 ETH on August 25th. Adding to this spike, the minimum price for these cards also escalated by 61%, reaching a new benchmark of 0.19 ETH.</p> 
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   <p lang="en" dir="ltr">After the arrest of former US President Trump, the trading volume of Trump Digital Trading Cards, his personal NFT collection, increased by 177% in the past 7 days to 37.93 ETH, of which it reached 24.1 ETH on August 25, the highest since May 4 ; The floor price also surged 61%…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1695273106561208540?ref_src=twsrc%5Etfw">August 26, 2023</a>
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<p><strong>Why was Trump Arrested?</strong></p> 
<p>Trump was taken into custody in Atlanta on allegations of illicit activities aimed at manipulating the outcome of Georgia’s 2020 presidential election. Despite vehemently denying any wrongdoing and labeling it a “witch hunt,” interest in his digital cards has skyrocketed.</p> 
<p>Read more: <a href="https://coinpedia.org/news/heres-how-donald-trumps-crypto-portfolio-looks-like/">Here’s How Donald Trump’s Crypto Portfolio Looks Like</a></p> 
<p>In the previous December, Trump capitalized on the NFT trend by launching 45,000 digital cards portraying himself in a variety of roles, ranging from a superhero to a NASCAR driver. Priced at $99 each, these NFTs now command significantly higher values. Each of these tokens was securely recorded on the blockchain, ensuring their individuality and unchangeable nature.</p> 
<h2 id="trump-returns-to-the-public-eye" data-name="trump-returns-to-the-public-eye" class="wp-block-heading">Trump Returns to the Public Eye</h2> 
<p>Following his arrest, Trump turned to “X,” the social media platform that followed his ban from Twitter. He shared his mugshot, accompanied by captions boldly stating “ELECTION INTERFERENCE” and “NEVER SURRENDER,” along with a link for donations. This post quickly went viral, amassing an impressive 1.1 million likes and 269,000 reposts.</p> 
<p>In his account, Trump described his brief stint at Fulton County jail as a “terrible experience,” humorously remarking, “they didn’t teach me that at the Wharton School of Finance.” However, his time behind bars was short-lived, as he secured his release within 20 minutes by posting a $200,000 bond. Nonetheless, Trump remains entangled in other allegations and charges that could potentially land him back in confinement.</p> 
<h2 id="are-trumps-nfts-the-new-gold-or-just-fools-gold" data-name="are-trumps-nfts-the-new-gold-or-just-fools-gold" class="wp-block-heading"><strong>Are Trump’s NFTs the New Gold or Just Fools’ Gold?</strong></h2> 
<p>While the surge in NFT values has been rapid and remarkable, the question remains whether this upward trend is sustainable or merely a fleeting bubble, potentially bursting even quicker than Trump can say something controversial. </p> 
<p>Related: <a href="https://coinpedia.org/crypto-live-news/donald-trump-discloses-1-billion-income-from-nfts/">Donald Trump Discloses $1 Billion Income from NFTs</a></p> 
<p>So, there you go. Trump gets arrested, his digital cards become a hot item, and the internet can’t stop talking about it.&nbsp;</p>

Donald Trump’s Arrest Sends NFT Prices Skyrocketing

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