Benzinga - Donald Trump's newly issued nonfungible tokens have seen a dramatic decrease in their market price, plunging 80% from their highest valuation of 0.67 Ethereum (CRYPTO: ETH) to 0.16 ETH in under two weeks.
What Happened: Trump Digital trading cards have 15,035 owners, which means it has a unique ownership rate of 33% and a total volume of 7872 ETH.
‘Sergey’, a Reddit user who also bought Trump NFT cards told Benzinga that “he saw it coming” and hence sold it before “the dump comes in.”
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According to CryptoSlam data, daily sales are down over 100% from their peak. On Dec.17, sales reached an all-time high of $39,80,087, before crashing down to $25,000 at the time of writing.
Trump NFTs have become a much-discussed topic on late-night television shows, including "Late Night with Seth Meyers," "The Tonight Show Starring Jimmy Fallon," "Jimmy Kimmel Live," and "The Late Night Show with Stephen Colbert."
The collection is made up of 45,000 individual collectibles and was sold out for $4.45 million within a day of launching. Originally priced at $99 apiece, individual NFTs have since fetched considerably higher prices due to the incredible demand.
Price Action: ETH was trading at $1,214, up 1.03% in the past 24 hours, according to Benzinga Pro data.
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