The price of former President Donald Trump’s non-fungible tokens (NFT) has continued to rise since they were first launched on Thursday, with the total collection now worth more than $2 million.
According to popular NFT trading site OpenSea, the minimum price for Trump’s NFTs was listed as 0.282 Ethereum early Saturday morning. That’s about $330.
Saturday’s price reflects a significant increase in the value of Trump’s NFT trading cards in the days since the product first launched as part of what the former president called a “major announcement.”
on friday New York Times Bestselling author Maximilian Uriarte of OpenSea shared a screenshot on Twitter late Thursday showing the lowest price for NFTs at 0.078 Ethereum. The items were initially offered for $99, which is about 0.084 Ethereum as of Saturday morning.
NFTs sold out quickly and Newsweek on Friday, they reported that their price on the secondary market has almost doubled. The price was 0.16 Ethereum, around $190, and has continued to rise in the hours since the report.
At the time of publication, the total volume listed on OpenSea for the Trump NFT collection was over 2,400 Ethereum, with a value of over $2.8 million.
Although Trump has been mocked for his NFT collection, the steady rise in price may be enough to convince the former president that the venture has so far been a success.
Trump had teased a “big announcement” he was planning to make on Thursday, prompting widespread speculation among supporters and critics alike.
Some speculated that he would start a new trial, announce his 2024 running mate, or even announce his intention to run for Speaker of the House.
“WE MADE HISTORY”. The former president wrote on his Truth Social platform on Friday that the NFT collection sold out in one day. “My Trump digital trading cards sold out within hours. Congratulations to the collectors. Thank you.”
However, Trump’s “big announcement” also had its share of critics.
Conservative commentator Ben Shapiro argued that the move “almost completely undermines his presidential campaign before it gets off the ground.”
“For the former president of the United States, a man who is supposed to be the front runner, jumping into the race to do that is worthy of sawing,” Shapiro said. The Ben Shapiro Show. “When you say you have a serious statement and what you’re really leaving is what appears to be a NFT money grab…In every available dimension, that’s probably the stupidest policy I’ve ever seen. It’s just… it hurts, it hurts.”
Trump formally announced his intention to seek another term in the White House shortly after the midterm elections in November. So far, he is the only major party candidate to do so.
Newsweek asked Trump’s office for comment.