The prices of non-fungible tokens (NFTs) experienced a sharp increase in the wake of former US President Donald Trump’s arrest in Georgia.
In December of the previous year, Trump capitalized on the NFT trend by launching 45,000 digital cards featuring a variety of personas, ranging from superheroes to NASCAR drivers. These NFTs were initially priced at $99 each but have since been trading at significantly higher values. Each token is meticulously recorded on the blockchain, ensuring its distinctiveness and unchangeability.
The Remarkable Surge of Trump’s Digital Cards
Over the last seven days, the trading volume for the Trump Digital card has witnessed an astounding 177% surge, culminating in a peak value of 24.1 ETH on August 25th. Adding to this surge, the minimum listing price also escalated by 61%, establishing a new baseline of 0.19 ETH.
Reasons Behind Donald Trump’s Arrest
Donald Trump finds himself incarcerated in Atlanta, facing allegations of illicit activities aimed at altering the outcome of Georgia’s 2020 presidential election. While he vehemently denies any wrongdoing and labels it a “witch hunt,” the curiosity surrounding his digital cards has undeniably piqued.
In the aftermath of his apprehension, Trump shared an image of himself on the X platform, vowing not to surrender, and included a link to his campaign website. This message swiftly spread across social media, accumulating over 1.1 million likes and 269,000 retweets.Trump described his brief stint at Fulton County Jail as a “troubling ordeal,” humorously adding, “They didn’t teach me that at Wharton.” However, he promptly posted bail of $200,000 and was released within 20 minutes. Nonetheless, Trump remains confronted with other charges that could potentially lead to his return to confinement.