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Donald Trump’s Presidential Win Spurs NFTs and Memecoins Surge

November 8, 2024
in NFT
Reading Time: 2 mins read
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Following Donald Trump’s victory within the U.S. presidential election, his non-fungible token (NFT) collections and Trump-themed memecoins skilled a major surge in curiosity and exercise.

CryptoSlam knowledge exhibits that Trump’s “Digital Buying and selling Playing cards Sequence 2” skilled a pointy rise prior to now 24 hours, with gross sales up by +708% and transactions growing by +608%.

Nonetheless, this uptick had already been constructing since tensions flared within the Trump-Harris marketing campaign. Over the previous 30 days, Sequence 2 reported a +644% enhance in gross sales, a +525% rise in transactions, and a +132% increase in patrons.

Sequence 1 of Trump’s NFT assortment additionally noticed notable positive factors. Within the final 30 days, its gross sales elevated by +174%, with transactions up by +186% and the variety of patrons rising by +181%.

Past NFTs, Trump-themed memecoins have skilled comparable surges. MAGA (TRUMP) One noticed an enormous one-day value enhance of 786.43%, with buying and selling quantity skyrocketing by 1407.79%, totaling over $3.62 million, in line with CoinMarketCap. 

You May Be In

This isn’t the primary time a Trump-themed memecoin has seen an increase. In Could, Trump’s crypto belongings reached a excessive of $10 million, primarily pushed by the MAGA (TRUMP) coin, which peaked at $13.24 on Could 27. One other value leap of over 63% occurred for a similar memecoin in July following an tried assault on Trump in Butler, Pennsylvania.

The group may even see this surge as a optimistic signal. Trump has beforehand proven assist for Web3 applied sciences and has been vocal about his favorable stance on crypto and NFTs. 

A current monetary disclosure reveals that Trump holds between $1 million and $5 million in Ether (ETH) and earned $7.1 million from NFT licensing charges.

Trump’s first NFT assortment launched in late 2022. His third launch, titled “Mugshot,” included a bodily merchandise — a bit of the swimsuit he wore throughout his August 2024 arrest in Fulton County, Georgia. 

In August, Trump launched his fourth and ultimate pre-election NFT assortment, “America First.” This collection featured buying and selling playing cards of him and perks like sneakers, fragments of his swimsuit, and VIP entry to a gala dinner.

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Tags: DonaldMemecoinsNFTsPresidentialSpursSurgeTrumpsWin
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