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Donald Trump’s NFT rollercoaster: Series 2 floor price tumbles below buy-in price — while Series 1 sales soar.
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.
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.
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’.
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