Benzinga - Former President Donald Trump’s non-fungible token (NFT) trading cards have hit a record low value.
What Happened: According to tracking data by OpenSea, the floor price of the Trump Trading Cards briefly sank to 0.00057 Ethereum ($1.04) on Sunday.
As of Tuesday, Trump’s NFT collection was trading at 0.11 Ethereum ($200). This represents a significant drop from March, when prices for Trump NFTs reached over $1,000 apiece in February. This marks a decline of over 80% in just a matter of months.
The former President faced criticism for hyping up the cards as a “major announcement” upon their release.
See More: The Art Of The Future: Lisa Ray’s TheUpsideSpace Bring NFTs To Center Stage
Why It Matters: Trump has been among the leading contenders for the GOP nomination for the 2024 presidential election since announcing his official campaign for re-election in late 2022.
As the 2024 presidential election draws closer, a recent Reuters/Ipsos poll shows President Joe Biden continues to hold an edge over potential Republican challengers Trump and Ron DeSantis. Among registered voters, Biden led Trump by six percentage points in a hypothetical match-up, 44% to 38%.
However, the poll indicates that Biden’s lead may be shaky should the situation at the US southern border worsen. In a mid-March poll, Biden led Trump by five points after trailing him by three points in February.
A separate survey data from Morning Consult showed Trump increased his lead among Republican voters polled.
Price Action: At the time of writing, ETH was trading at $1,818.58, up 0.31% in the last 24 hours, according to Benzinga Pro.
Read More: Bitcoin, Ethereum, Dogecoin Rise Despite Recession Fears: Analyst Forecasts ‘Crypto Summer’ This June
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