Trump's latest interview: Praising cryptocurrency for not disappearing and being great, and will release the fourth NFT series

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According to news last night, Trump once again mentioned and supported the crypto industry in his latest interview with Bloomberg Businessweek. The presidential candidate, who is likely to win the US election in November, said that cryptocurrencies "are not going away, which is great." Trump said that the US crypto industry "has a good foundation. It's still a baby now. But I don't want other countries to take over this field."

In addition, Trump also announced a new plan in the interview: to release his fourth NFT series.

In the interview, Trump said his previous series was "incredibly successful" and sold out in one day: "It was all sold out: 45,000 cards. I've done it three times, and I'm going to do it again because people want me to do it again. The spirit is incredible. It's beautiful."

Trump previously revealed the idea of releasing a fourth NFT series at a party for his NFT holders at Mar-a-Lago in May, but did not commit at the time, saying: "I believe in supply and demand. As you know, the first one did very well, the second one did very well, and the third one did very well."

Since making his support for the crypto industry clear, Trump has become increasingly supported by the industry, ahead of current President Biden.

In May of this year, Trump's campaign team began accepting cryptocurrency donations. A report by The Wall Street Journal on Tuesday cited new data from the Federal Election Commission (FEC), finding that of the approximately $331 million raised by the Trump campaign team last quarter, about $3 million was in cryptocurrency. As Trump will attend and give a speech at the 2024 Bitcoin Conference in Nashville, Tennessee, USA from July 23 to 25 as originally planned, the Trump team expects to receive more donations from the crypto industry.

How are the three NFT series issued by Trump performing so far?

The three NFT series that Trump has discovered so far are Trump Digital Trading Cards, Trump Digital Trading Cards 2, and Trump Digital Trading Cards MugShot Edition. Each NFT in each series is priced at $99, and each sale is quickly sold out, and all are issued on the Polygon chain.

1) The first NFT series: Trump Digital Trading Cards

Release date: December 2022

Total: 45,000

Number of holders: 13978

Release price: $99

Current floor price: 0.1339 ETH (about 384.1 USD)

Total transaction volume: 15,772 ETH

According to Magic Eden data, the number of this series currently on sale is relatively small, only 378. When the series was first launched, it was very popular, and the floor price once soared to around 0.84 ETH, and the daily trading volume reached nearly 3,000 ETH.

Trading page: https://magiceden.io/collections/polygon/0x24a11e702cd90f034ea44faf1e180c0c654ac5d9

2) The second NFT series: Trump Digital Trading Cards Series 2

Release date: April 2023

Total: 47,000

Number of holders: 6480

Release price: $99

Current floor price: 0.0219 ETH (approximately $76)

Total transaction volume: 2,187 ETH

Compared with the initial selling price, the series is currently at a break-even price. This may be related to the excessive number of Trump concept NFTs.

Trading page: https://magiceden.io/collections/polygon/0xe28d2d8746d855251ba677a91626009cb33aa4f9

3) The third NFT series: Trump Digital Trading Cards MugShot Edition

Release date: December 2023

Total: 47,000

Number of holders: 6490

Release price: $99

Current floor price: 0.07 ETH (approximately $243)

According to Trump's official introduction at the time, the MugShot Edition series is sold at a price of $99 per unit, and users who purchase 47 NFTs in this series will be able to have dinner with Trump at Mar-a-Lago. Its official NFT project website states: "In this version, some cards are even unique, and others may even be signed by Trump himself."

Trading page: https://magiceden.io/collections/polygon/0xa10603ca6e84fd076cf9e1c2880153ddff1b9879

4) The 4th NFT series: ?

It is not clear when Trump's fourth NFT series will be released, but it is expected to become a hot project, and NFTs are destined to be hard to find. Judging from the previous release performance, except for the second NFT that broke the issue price, the other two have made several times the profit compared to the release price. If you are interested, you can follow the updates of Trump NFT's official website https://collecttrumpcards.com/


Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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