Trump's fate is destroyed 😕

GM Guys and Gals,

The great Donald Trump 🇺🇸 went on to launch his official NFT collection a month ago and it ended in the hype circle - Sales decaying by almost 99%. Let's see how this hyped NFT collection crashed 💥

The Decaying Apple 🍎

It’s been less than a month since Donald Trump’s official NFT trading cards launched to a mostly perplexed response, even from his supporters, and the ensuing hype was sizable but short-lived. Now the NFT trading card project has slumped to new lows as trading demand continues to vanish.

Secondary market trading volume for the Trump Digital Trading Cards project hit a new daily low of just over $21,000 on Sunday.

Sunday’s tally marks a more than 99% decrease in daily volume from the peak day on December 17, when more than $3.5 million worth of the NFTs were traded soon after the original primary sale. There were more than 2,000 unique buyers on that date last month, and over 3,300 unique buyers on December 16 as prices started climbing.

But on Sunday, when sales volume hit a new daily low of just 28 unique buyers across 98 total transactions. Likewise, prices have fallen sharply since the peak. The floor price, or cost of the cheapest-listed NFT on a marketplace, has dropped from a high of about 0.84 ETH ($995) on December 17 to just 0.16 ETH ($215) today.

That's it for the day, Web3Shala 👋

To the moon 🪐LFG 🚀