Trump’s New NFT Collection Rakes in $2 Million—But You Can’t Trade Until 2025
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Written by
Yana Levkovich - Updated 2024-08-29 15:53:31
Former U.S. President Donald Trump introduced the fourth series of non-fungible token (NFT) trading cards, titled “Series 4: The America First Collection,” on August 27.
According to onchain data, over the past day, more than 22,000 NFTs from this collection have been purchased on the Polygon network. These transactions have generated over $2.17 million in sales, with each NFT priced at $99.
However, this represents only 6% of the total available supply of 360,000 NFTs in the collection. Similar to his previous three collections, Trump’s fourth NFT series features images of him in a variety of poses and costumes. If all the NFTs in this latest series are eventually sold, the total revenue is projected to exceed $35 million.
At this time, these newly released NFTs are not available for resale on secondary markets. The trading of these cards is restricted until January 31, 2025, meaning buyers will have to wait until that date to trade them.
Trump’s relationship with the crypto world has evolved considerably. Once skeptical of cryptocurrencies, he has now embraced the crypto community. He has started accepting campaign donations in various cryptocurrencies and has actively engaged with leaders in the crypto industry.
Previous Collections
Trump's first NFT collection was launched in December 2022. The financial outcomes for those who bought into his earlier NFT series have been mixed. The first collection saw its floor price double, providing a 100% gain for early buyers. In contrast, the second and third collections experienced significant declines in floor prices, leading to losses for those who minted them.
A recent financial disclosure revealed that Trump has earned over $7 million from his NFT collections to date. This figure highlights the significant financial impact of his venture into the NFT market, despite the mixed results for individual investors.
