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April

<p>Former U.S. President Donald Trump&#8217;s non-fungible token (NFT)  second collection has crumbled more than 10% below the purchase price of $99 — currently with a floor price of roughly $88 at press time.</p>
<p>According to <a href="https://opensea.io/collection/trump-digital-trading-cards-series-2/analytics">OpenSea</a> analytical data, the floor price rapidly crumbled on April 19 and currently sits at 0.0468 Ethereum (<a href="http://www.cryptoslate.com/coins/ethereum">ETH</a>) — worth roughly $87.84.</p>
<figure style="width: 921px" class="wp-caption aligncenter"><img class="wp-image-319768 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/trump.png" alt="Source: OpenSea" width="921" height="392" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/trump.png 921w, https://cryptoslate.com/wp-content/uploads/2023/04/trump-300x128.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/trump-768x327.png 768w" sizes="(max-width: 921px) 100vw, 921px" /><figcaption class="wp-caption-text">Source: OpenSea</figcaption></figure>
<p>OpenSea data also showed that the NFTs had seen 14,755 sales on April 22, with a volume of 1037 ETH — worth roughly $1.9 million.Volume has fallen significantly over the last five days — falling to just 25.49 ETH on April 22, from 482 ETH in volume on April 18.</p>
<figure id="attachment_319770" aria-describedby="caption-attachment-319770" style="width: 876px" class="wp-caption alignnone"><img class="size-full wp-image-319770" src="https://cryptoslate.com/wp-content/uploads/2023/04/trump-2.png" alt="Source: OpenSea" width="876" height="359" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/trump-2.png 876w, https://cryptoslate.com/wp-content/uploads/2023/04/trump-2-300x123.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/trump-2-768x315.png 768w" sizes="(max-width: 876px) 100vw, 876px" /><figcaption id="caption-attachment-319770" class="wp-caption-text">Source: OpenSea</figcaption></figure>
<h2 id="the-8216-trump-dump-effect-8217">The &#8216;Trump Dump Effect&#8217;</h2>
<p>Peaking out of the gates at around 0.2 ETH — worth roughly $375 — the announcement of Trump&#8217;s Series 2 NFT collection <a href="https://cryptoslate.com/president-trump-nfts-floor-price-crashed-58-after-series-2-launch/">caused Series 1 to crash 58% by April 19.</a></p>
<p>As of April 22, the floor price of Trump&#8217;s first NFT collection is down 64% —at 0.14 ETH at of press time.</p>
<h3 id="the-8216-trump-pump-effect-8217">The &#8216;Trump Pump Effect&#8217;?</h3>
<p>On the flip side of the crumbling floor price, the first collection&#8217;s sales are up almost 500% at 1779 paired with a volume of 284 ETH — up over 150%.</p>
<p>The bulk of the first collections sales and volume can be seen below, mainly concentrated on April 18 — coinciding with the announcement of &#8216;Series 2&#8217;.</p>
<figure id="attachment_319771" aria-describedby="caption-attachment-319771" style="width: 908px" class="wp-caption alignnone"><img class="size-full wp-image-319771" src="https://cryptoslate.com/wp-content/uploads/2023/04/trump-3.png" alt="Source: OpenSea" width="908" height="400" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/trump-3.png 908w, https://cryptoslate.com/wp-content/uploads/2023/04/trump-3-300x132.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/trump-3-768x338.png 768w" sizes="(max-width: 908px) 100vw, 908px" /><figcaption id="caption-attachment-319771" class="wp-caption-text">Source: OpenSea</figcaption></figure>
<p>Meanwhile, the fall in floor price of both Trump NFT digital asset collections also coincides with Bitcoin (BTC) price crashing to $27,300 — amid <a href="https://cryptoslate.com/bitcoin-drops-to-27-3k-liquidations-reach-almost-200m/">liquidations reaching almost $200 million</a>.</p>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/donald-trump-series-2-nfts-floor-price-crumbles-more-than-10-below-purchase-price/">Donald Trump &#8216;Series 2&#8217; NFTs floor price crumbles more than 10% below purchase price</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Donald Trump ‘Series 2’ NFTs floor price crumbles more than 10% below purchase price

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