What is CryptoSlate Alpha?
A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›
Connected to Alpha
Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.
Oops…you must lock a minimum of 20,000 ACS
If you don’t have enough, buy ACS on the following exchanges:
Connect via Access Protocol
Access Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more ›
Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.
Earn Interest on Your Crypto. Paid Out Daily!
Start Earning
Donald Trump’s NFT rollercoaster: Series 2 floor price tumbles below buy-in price — while Series 1 sales soar.
Cover art/illustration via CryptoSlate
Former U.S. President Donald Trump’s non-fungible token (NFT) second collection has crumbled more than 10% below the purchase price of $99 — currently with a floor price of roughly $88 at press time.
According to OpenSea analytical data, the floor price rapidly crumbled on April 19 and currently sits at 0.0468 Ethereum (ETH) — worth roughly $87.84.
Source: OpenSea
OpenSea data also showed that the NFTs had seen 14,755 sales on April 22, with a volume of 1037 ETH — worth roughly $1.9 million.Volume has fallen significantly over the last five days — falling to just 25.49 ETH on April 22, from 482 ETH in volume on April 18.
Source: OpenSea
The ‘Trump Dump Effect’
Peaking out of the gates at around 0.2 ETH — worth roughly $375 — the announcement of Trump’s Series 2 NFT collection caused Series 1 to crash 58% by April 19.
As of April 22, the floor price of Trump’s first NFT collection is down 64% —at 0.14 ETH at of press time.
The ‘Trump Pump Effect’?
On the flip side of the crumbling floor price, the first collection’s sales are up almost 500% at 1779 paired with a volume of 284 ETH — up over 150%.
The bulk of the first collections sales and volume can be seen below, mainly concentrated on April 18 — coinciding with the announcement of ‘Series 2’.
Source: OpenSea
Meanwhile, the fall in floor price of both Trump NFT digital asset collections also coincides with Bitcoin (BTC) price crashing to $27,300 — amid liquidations reaching almost $200 million.
Leading NFT fractionalization infrastructure Fracton Protocol surpasses $3 billion in trading volume
Reddit experiences shop outage as it launches third generation of NFTs
