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Trump NFT Prices Are On the Decline

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Trump NFT prices are on the decline. Despite widespread derision of the “big announcement” by former US President Donald Trump that turned out to be the start of an official NFT collection, Trump’s digital trading card caught the attention of consumers.

The collection increased in trading volume after its launch on Thursday, reaching 5,548 ETH or more than $6.5 million on Sunday morning, according to OpenSea. This project is currently on the OpenSea home page as the most popular project.

However, the price of Trump’s digital trading card has been terrible in the past few days. The price of the service reached around 0.84 ETH or around $990 on Saturday before falling as low as 0.32 ETH or around $376 early Sunday morning.

The cheap Trump NFT price has recovered slightly, rising to 0.490 ETH or around $577, on OpenSea at the time of this writing. The digital collection matches the cultural brilliance of Saturday night as the theme of satire and late-night comedy show Saturday Night Live. Last night’s episode opened with a skit from comedian James Austin Johnson, who mimicked the first presidential announcement to unveil the digital collection. “It looks like a scam — and in many ways it is — but we love Trump cards,” Johnson said of Trump’s show, referring to NFTs by “technical terms” like “Nifties.”

Johnson referred to ongoing investigations surrounding Trump, such as allegations that he tampered with classified information, during the comedian’s satirical ad in support of the digital collection.

“The best thing is that each card comes with an automatic chance to win a special prize of the depth where you can choose anything from this beautiful box,” he said as he held up a box full of books.

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The show also poked fun at the collection’s NFT items, which Trump described as depicting “movies related to [his] life,” such as him in a space suit, hunting gear, and feather duster. . cowboy. “Remember that when you buy a card, you can’t choose which one you get; it could be me on the cover of a romance novel, or I’m doing The Divide, I’m doing Titanic, or even I’m like Jessica Rabbit,” Johnson said. .

After a show during Saturday Night Live’s weekend update, comedians Colin Jost and Michael Che threw themselves into the role. Jost announced the special timing of the NFT release.

“It’s funny to get into NFT when the whole market is down,” he said. “It’s like joining Kanye right now, which Trump has done well.”

Trump’s digital shopping card has been the subject of jokes on other late-night TV shows, such as Late Night with Seth Meyers, The Tonight Show Starring Jimmy Fallon, Jimmy Kimmel Live! and The Late Night Show with Stephen Colbert.

“The former president of the United States, the former most powerful man in the world, has developed a brand of trading cards,” Colbert said on his show the day Trump’s job was revealed. “This is the least respectable attempt at post-presidential marketing since the Tickle-me-Truman inception.”

The Trump NFT collection is made up of 45,000 individual coins and was originally priced at $99 each, but individual NFTs have sold out significantly since the launch day.

A 1-of-1 NFT from the collection was sold for a speculative 37 ETH or around $43,600 on Saturday, according to polygonscan. The NFT featured a dramatic image of Trump in a tuxedo posing on the front steps, along with a signature from the former president.

Detractors of the project on Reddit have warned those interested in buying any of the project’s collectibles to “sit down”, charging 1,000, or about 2% , which uses a digital shopping card wallet, which seems to be getting royalties. This shows that a significant number of things are still being held by the creators of the project, and that they can negate the value of the project if all NFTs are sold at once.

Some Twitter users have logged into used NFT displays belonging to Trump’s collection, finding watermarks from stock photos. One user said that the Trump NFT and the flight suit contained remnants of a watermark from a Shutterstock photo and another contained part of a watermark for an Adobe photo.

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